When I’m talking short term financing is bad.  

There's a few different ways to focus on a lower rate such as with house hacking and making the investment your primary residence, requesting a significant closing credit from the sellers for standard rate buy-downs (which I've had great success with recently), or utilizing lenders who offer short term rate lowering solutions such as 2-1 rate buy downs (again, ideally paid for by the sellers).

One bad situation can harm all the properties.

I think it's a gamble for someone 2000 miles away - could do well or badly.  

The credit score is the single best indicator of how one pays their financial obligations.

And even tougher to get it financed.. from what I can see the only folks that build new are subsidized housing in some manner or  big tax credit plays something other than normal economics.

When you go to a Bank or Credit Union, they can only offer you what products that bank or credit union offer. 

;however, my issue is that I dont have good credit and since im self employed I make.very little income. 

House HackAttend as many REI meetups as you can to grow your network of investors for referrals, help through challenges you may incur but don't have experience with, and learn from proven guest speakersNetworking app like blinq to compile all of your contacts for REI in one area with phone and emailbegin conversations with local credit unions exploring what type of loan products they offer

Too bad, tenants aren't saying a thing for fear of paying.