Conventional, UWM Rate: 8.00%Lender Credit: $62030 Years Fixed You have to consider that a conventional loan does not have a Prepayment Penalty.

Hey @Roy JenkinsAs long as you have good credit, typically above 720, being a first time investor won't be overly punitive.

Maybe with automatic payment stuff and you can request changes to your credit card due dates, you can take as much advantage of the float. 

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

The sellers credited us with the security deposit and about $900 for rent (tenant pays $1200).

The more complicated your business structure becomes, the more problems it can actually cause such as when looking for lending options, getting the best interest rate, keeping clean accounting, filing taxes, opening bank accounts, getting credit cards, executing a 1031, making title insurance claims or even triggering a due on sale clause, etc. 

I've seen and heard so much blindly bold and terrible strategy from people who have never done a deal, but just paid someone an ungodly amount of money to teach them a strategy that puts more money in the pocket of their "mentor."

You can run your own credit report on one of the big three like TransUnion and bring that to the bank.

How hard is it to get credit reports and I have read some landlords get livescan on potential tenants. 

This is basically an unsecured personal loan, like a credit card.