I do employ a property management group just to collect rents. 

IMHO, the REI Industry is The best chance that an individual has to quickly and successfully become self-employed. 

This would give you more than enough time to meet that 2 year employment history, and you can refi it for a long term loan via a bank. 4.

Very polite, proactive in the application process, had good references from previous landlord, has good/stable employment, and when I looked them up on Facebook their information matched everything on their application.Unfortunately, they are not able to complete the screening due to a complete lack of credit history (young applicant with no credit cards or, evidently, student loans).

The RE investing that makes fast money is not really “investing” - it’s a self-employed RE business.

Possible causesOverpricingQuality of UnitQuality of Neighbors (homes and businesses)Location of Neighborhood, Amenities, Transportation, and Employment OpportunitiesSupply and Demand in your areaEffectiveness of your marketing  (Are you reaching the potential renters best suited for this property?)

Depending on your involvement, you may be self employed and want to be sure you are recording this properly. 

PRIOR to background  and credit, I just search the local county online records and make calls to past landlords and employer.

Price is $275K, he won't carry anything back45 spaces12 lot rent28 park owned (would sell those to tenants on owner financing/rent to own to get to lot rent)5 Vacantpark homes rent currently $400-425lot rent currently $125- I think market is 175-200, but not many parks around so has been hard to get numbers3 bed houses rent in nearest large(ish) city of Florence SC (30 mins away) rent for $800-900city water and sewersmall park footprint wise, just 2 roads- 1 paved 1 dirt- and all houses in the middle of it, very small footprint, tight parkArea:Marion SC, super small town, but is 10 min from super walmart, 30 min from Florence, that is the nearest MSA (technically Marion is not in one)Marion small, slowly dying town; Florence growing, solid city/townFlorence metro good growth since 2000, like 17%, low unemployment, everything looks solid there.Numbers:I am pro forma-ing it at $150/space lot rent, 40 spaces, $6K/mo, after 45% to expenses is $3,300/mo net/mo... which is $39,600 net/year14.4 cap on property pro forma12 cap on property based on 125/mo lot rent at 40 spaces.

Drive by the places of employment for both and drive by the addresses for both and see how they live currently.