For those that qualify for conventional financing its another negotiation tool, for those that do not its a way to get into real estate but many do not understand what it is they are signing up for.Regarding it being good for an owner, again it goes back to the borrower, if I have a borrower with 800 credit and I control cashflow its far different than someone with 540 credit.

You can look into switching to a local credit union or portfolio lender, as they tend to be more flexible with regional policies.

Quote from @Daron Williams: I just invested in a tax deed here in texas it was a beautiful lot right on lake sam rayburn. i have it on the market for sale the only problem is you have to have two lots to build on.. i found the person that owns the lot to the right of me and there willing to possibly sale there lot the only problem is i dont have the money or the credit  to purchase it.

However, some community banks and credit unions may offer more flexible terms.Best of luck!

I knew there were some HML lenders that did OO, but OP credit score “isn’t great” (which likely means it’s poor) and “technically don’t make much money” (which likely means he has little income).i think it is long shot any HML that does OO will take on this risk for what they can legally charge for OO loan.  

I’ve bought some houses with 0% interest for a year credit cards and a few with consumer lines of credit from banks.

My credit was pulled twice (currently sitting at a 700+ according to Experian) but I don't know if this would affect my score or anything when it come to actually choosing a property and locking in a rate.

I own the property free and clear and i use the equity as part of my business line of credit.

I don't think he would allow someone that had to put the fee on a credit card.

I'm wondering if a BLOC could help to build my business credit.