The Woolfords would keep a list of creditworthy customers and compile their findings, which they would then sell.

Most economic activity contracted sharply and many people lost their homes and had their creditworthiness ruined.

I was credit worthy in about 6 months.  

This should also ensure youre getting about 8% return on your money. 3- Business Friendly and Credit worthy State.

Her incentive to do this is that she'd rather loose $20,000 than the entire $66,000 she has in equity.Clearly, I need to verify the creditworthiness of the buyer, verify that they will in fact be able to refinance, verify they have strong homeowners insurance, walk the property, get title insurance, have lawyers draft the needed documents, and make sure it's all properly recorded and collateralized.

The text of the contract as it relates to obtaining financing reads: (b) This Contract is contingent upon Buyer obtaining approval of a conventional FHA VA or other ______________ (describe) loan within _______ (if left blank, then 30) days after Effective Date (“Loan Approval Period”) for (CHECK ONE): fixed, adjustable, fixed or adjustable rate in the Loan Amount (See Paragraph 2(c)), at an initial interest rate not to exceed _______ % (if left blank, then prevailing rate based upon Buyer’s creditworthiness), and for a term of _______(if left blank, then 30) years (“Financing”).

@Michael Newman ideally your W-2 job would serve dual purposes, both focused on your passion... 1) build capital and establish credit worthiness with which to pursue your passion, and 2) give you experience in a career you're passionate about. 

From a bank standpoint, they will have a clear picture of who owns what and has what degree of liability;  however, all of the investors will have to produce tax returns and documents to the bank to show they are credit worthy. 

Depends on your creditworthiness, the value of the building, whether you are a high net worth client of the lender, or using a lender for the first time, etc. 

I also put my credit worthiness at risk here. 4.