He still got us a decent credit but the work we need to do to get renters is will cost much more than the credit.

A property manager will take the workload off your shoulder but they likely won't get you a higher rent unless your listing is terrible.  

For those that qualify for conventional financing its another negotiation tool, for those that do not its a way to get into real estate but many do not understand what it is they are signing up for.Regarding it being good for an owner, again it goes back to the borrower, if I have a borrower with 800 credit and I control cashflow its far different than someone with 540 credit.

Have you reviewed the credit scores or do you know roughly what the loan to value will be after the cash out?

In my experience, and this will not be terribly popular here, but no you should not buy out of state if you cannot visit the area before you purchase if.

With the right resources and help, you can still make it happen.There are options that can help make buying a home possible today — even if your savings are limited or your credit isn’t perfect.

Conclusion: Don´t give your credit card infos for "free" products!!!

Starting looking for opportunities last Fall and so far it's been terrible.

Also, credit score minimums are higher- often requiring a middle mortgage FICO score of 720 and above.

However, some community banks and credit unions may offer more flexible terms.Best of luck!