Another solution is to pay off small debts CC, car loan, student loan, etc., will lower your DTI.

Backyard cute but small.ARV - $340,000 MAX Comps1. 20 H ST SE 98002 sold for 349,950 on 12/2016.2. 3324 M PL SE sold for 325,000 on 7/20163. 14 J ST NE sold for 300,000 on 11/2016.Arrears - $30,000     (plus 181k left on note)Rehab - $35,000Profit - $35,000Fixed costs (CC both ways, excise) - $12,000Holding (6mo) - $3,000Wholesale fee - $4,000This house is in a hot neighborhood, does not need realtor help whatsoever.340-30-35-35-12-3-4= 221,000 max offer to sellerPictures:

If he agrees to that also agree to help him get his utilities auto paid on his cc or to his same bank account.

I mostly concentrate in the lower Bucks and CC Philadelphia area but would be willing to travel for the right project.  

I prefer to just pay the cc off quickly while paying the high interest rather than applying for new cards, as the new applications can affect my credit score and I want to protect it as much as possible.I agree though, a great strategy when lacking funds, especially for someone who wants to start and is confident in the project.

A couple of quick follow-ups:1) The person I met does not use leases -- just straight month to month, and he uses an auto-pay CC system.

Looking for an agent who can help us find buy rent hold SFH's in C/C+ areas of Jacksonville.Anyone have any recommendations?

I started with very little money and purchased one of my first properties with CC debt. 

CC debt 6k. 

@Dylan Eggers so it puzzles me a bit when I see people with money in savings and then a stack of consumer debt (auto loans and CC balances).