Early in my career I worked on cattle ranches, then started doing farm and ranch loans for seven years, and now have been doing hard money lending and other real estate investing.

Several have mentioned utilizing low down payment second home loans for qualifying.

Martin They get a bank loan, but most do not start out in MF, they start out in residential.

. 🤷🏼‍♂️ Credit scores can be misleading when screening tenants, as many lack the term loans (like mortgages) that drive high scores.

They’re requesting what feels like an unreasonable amount of information, and the demands keep escalating.So far, they’ve asked for:A video tour of my home officeCredit checks on me and my partnerCopies of the deeds for every property we ownA copy of my partner’s home lease and utility billsBusiness phone billsA signed letter from the bank verifying our accountsBank statementsHonestly, it feels more like qualifying for a loan than trying to become a customer.

If it's on your credit, you are on the hook for it.However, it shouldn't effect the loan process too much, a simple Letter Of Explanation should be able to get the job done with the correct investor. 

Im looking to try and either get a duplex or a single family with a FHA loan.

So there are a million realtors, loan originators, accountants (RE is, for most, not complex vs other small business.)

I think your goal of getting your first RE investment for around $50k is doable as long as you plan to leverage debt (Loan). 

Home 1 is ideal for a fix-and-flip loan to fund the remaining $90K, which I can help you evaluate options.