Quote from @Raymond Kalonji: In your opinion, what would be a reasonable minimum credit score?

That's pretty low for a 3-BR - I'm seeing the FMR for a 3BR in that zip code is $1,850.But at $1,300 for rent, you'll probably find HMLs that may lend you around $120k if you have a good credit score in my opinion, which means you'll need $45k + closing costs.

Applicant 1 has 509 credit score.

The credit unions in my area only work with bigger companies so just know I have already reached out. 

•Use business credit or 0% interest credit cards strategically—just be careful with repayment timelines.Next StepsThe biggest thing you can do right now is surround yourself with experienced investors, agents, and lenders who have done what you’re trying to do.

Let them pay the deposit with a credit card.

RentRedi’s syndication marketing helped us secure a great tenant in under four days, including employment and landlord verification, as well as criminal, credit, banking, and eviction history checks.

How important is it to have good credit when making these deals? 

I contacted the bank and they told me the person needs to go through the regular qualifying process such as income, credit core, employment history, etc.

I am simply trying to offer a solution that is fair to both parties that allows the property to stay in the family.The biggest problem is they are having trouble refinancing the property due to credit balances.