Low credit score is just one factor.

Candidate 1 with no kids might have less wear and tear on the house and they have a better credit score. 

Will banks have any issues doing a cash out refi on deal like this assuming i meet all the other qualifications such as credit score and DTI.

I have a high credit score, good income, and money in the bank, but I have been having a difficult time finding a DSCR lender I feel like I can trust.

In my experience, you will always have to get a credit check as part of the application process as the lender needs to verify your credit history for anything outside of the norm and to see your credit score.

I have $20k liquid, a 740 credit score, and I’m ready to get my feet wet.

I love credit unions. 

Their credit scores are both over 700.

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

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.