Although you have to wait for payment with a 203K loan. 

It looks like according to the county site (sbcounty.gov) they require all renter payment go to the active owner. 

THE NUMBERS: With a purchase price of $7M, my Investors and I put down $2.7M as the down payment on the property.

Box solely for the purpose of collecting rent but I do suggest having one and if nothing else works use it for rent collections but I would Electronic payments or bank deposits before doing mail.

The down payment wouldn't be minimal if your finances were tight.

No problem with down payment but will need conventional load which is not a problem as I have been pre approved many times just did not find right property.

What was nominally a 52k down payment turned into close to 100k--12k in closing costs, 12k in extra payments, and about 25k in labor to help me get it ready when I realized I couldn't get it all done by myself working evenings in a reasonable amount of time (plus I knew I couldn't do the egress windows myself). 

If you use different sources it will be difficult to calibrate the different scores, but think of it as a percentage of the max available score.This particular score seems to be based on an applicant's credit history, including payment history, credit utilization, and credit availability. 

Got $16k in 1st time home buyer grants for the down payment & closing costs....$8.5k from Obama who was trying to stop the bleeding on the housing crisis and another $8.5k from the city who was doing the same.

There are tons of loans out there that use just the projected or actual income from a property vs the payment of the property (DSCR loans).