Then they didn't pay them and the  bad credit goes to someone else! 

Since they're low income/tax credit, they just don't make the kind of money needed to pay those huge premiums.

@Dave AllenRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I believe Airbnb and Vrbo dont do credit checks is this right?

Interesting approach, how would multiple refi affect my credit score?

You do need to have steady employment, decent credit, and not be drowning in debt.

Whats more, there was damaged equipment that costs about 3k.

Use services that can validate the authenticity of documents and employment history.Require Detailed Applications: Ensure that the rental application captures comprehensive information, making it harder for fraudulent applicants to provide fake details.Conduct In-Person Interviews: Meeting applicants in person can provide additional insights into the authenticity of their application and allows you to ask follow-up questions based on the details they've provided.Utilize Professional Screening Services: Professional tenant screening services are invaluable for conducting background checks, credit checks, and criminal history checks.

My first property was tough, (credit not in place was a challenge - luckily, got some help on this!) 

You can do a duplex though, which might not be a bad idea.With your credit score, conventional might be a good choice, you only need 5% down for 2-4 units if you live in one.