That is something a lot of the smaller credit unions lack.

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

Brought it up right at the closing and he claimed they were dead and he thought he was doing us a favor by getting rid of them (but simultaneously leaving us a house full of old garbage).

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

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. 

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

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. 

It’s crucial for me to achieve a favorable appraisal, as my estimates place me comfortably below 80% loan-to-value.

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

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