There is a conventional renovation product if you qualify for it. 

What credit score do I need to qualify for a no credit score loan?

@Aubrey Ford, save yourself the time, hassle, and headache by hiring a qualified contractor to tackle the project.

@Mara Hayes you should be able to get your questions answered by any qualified loan officer.

Hey Tiia,In the DFW area, landlords often use a rule of thumb that a tenant's monthly income should be around 3 times the monthly rent to qualify.

If you are an owner of the business your income is coming from then your income source is in a way "self dealing" in that you COULD if you choose puff your income to qualify for loans you otherwise would not qualify for.

@Basit Siddiqi is exactly right that Philadelphia / NJ has some unique reporting headaches that are often screwed up, so whoever you work with, gauge their experience working in numerous jurisdictions, or their teams access to those subject matter experts.Those in the construction world and rental world open themselves up to some substantial opportunities from a tax planning perspective, but also need to be sure they thread the needle carefully on the real estate professional rules to actually qualify for them.

Will this impact our ability to get competitive financing (we are both well qualified as individuals and even more so together)?

We see this over & over, again & again - someone posts they need help finding a property and suddenly, every agent out there is "Investor-friendly".Funny thing is, RARELY do you see an agent sharing what qualifies their claim.In our experience, +95% of agents only know how to deal with owner-occupied transactions.

Hello,I'm planning on investing in a 4 unit property with my sister-in-law using her as the primary buyer qualifying for a first time homebuyers program and me providing the capital and being a co-borrower on the loan.