I bought my local site from an owner that was retiring - so even though I was buying it from the local owner - I had to be vetted by the Corporate office to make sure I 'passed' their qualifications as well. 

Since it's going to be my first conventional loan I did my first pre qualification as a second home 90% finance with 4% APR.

If you can, what are the qualifications I would have to have to get an FHA without the income history?

Because of this, many investors don't know the benefits or the ins and outs of the industry.Feel free to ask about qualifications, terms, or anything else you might be wondering!

I'm going through my pre-qualification process for the first time and I've been driving around trying to learn as much as I can about the different areas in Phoenix.

Prepaid rent should never substitute for qualification standards.2.

The reason being is that a portion of the other units' rents count toward increasing your qualifications.

There's a good chance the property manager knows the area, knows the rental rates, understands the tenant qualifications common to the area, etc. 

If it's a larger organization, feel free to inquire about their staff qualifications.2.

While these loans often look to the borrower, the main qualification requirements are typically from the property itself.