She didnt, and two weeks after going under contract, we got a credit-monitoring notification that this mortgage had gone delinquent.

I've found this to be super helpful: When someone inquires about the property Thank them and Send them the pre-requirements (Income, credit, no evictions) and ask if they meet them.

I’m just giving credit where credit is due. 

The only thing that keeps me from owning a house for my personal use is the baggage it comes with like maintenance, time and overhead costs.But I understand It'll cut costs and is something I should really think about.Thanks

Monty, take a small amount of time to work on your credit daily.

If you have equity and decent credit, a conventional Fannie Mae HomeStyle (or the Freddie Mac version) would likely be the better option instead of an FHA 203k loan (which will require a 3rd party HUD consultant to oversee the deal in addition to having the contractor involved). 

Quote from @Argel Algura: Hey Bigger Pockets Community,A year ago I wrote about rebuilding and starting over in life and considering real estate investing as a path (see post here: "Bad credit, minimal cash and starting over in life . . .

Every company has atleast 1 person who leaves a negative review but what you fail to realize is that this is real estate.

Either way if you personally guaranteed the note, yes it will affect your personal credit no matter who the property is titled to.

However, I think for the average person this is probably not true.