Then I spoke to a company that does business lines of credit, based on personal FICO scores.

Can easily get fee worksheets and run credit/DU 3.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Balance data with personal priorities.

True, converting a personal Schedule E to a partnership will indeed reduce your IRS audit chances, statistically speaking.

@Reyna AyalaI personally feel this is overkill.

Whether the seller was open to a buyer commission or not, I wouldn't put an additional cost into any personal purchase.  

But you have to ask proactively, and be mindful of how long you stay in forbearance to avoid long-term credit issues.🔹 Insurance Challenges – Even when insurance pays, it rarely covers the actual cost to completely rebuild.

In high-cost markets like Chicago, that can be tough to meet.If you're looking at a duplex, the self-sufficiency test doesn’t apply, so you’d just need to qualify based on your personal income and the rental income your lender allows.If your current lender isn’t familiar with making FHA work in your situation, it might be worth getting a second opinion from someone experienced with FHA multi-unit financing.

Are you able to go there in person to build your network?