What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Leasing a Maytag laundry center from Wash.com would cost me $100/mo, but reviewers say they can take weeks to come out for repairs.A local place called Mission Laundry Equipment can lease me a Speed Queen laundry center for $110/mo, or sell it to me for $4,299 (actually $5,450 with all taxes and fees for delivery, installation, and setting up the credit card system).

Monthly joint income is 7X the rent and one credit score is 630 another person is: 712.

My idea is to form an LLC with my partner to qualify for a 100k business LOC with our credit scores (both 700+), our DTI ration, as well as my equity.

Currently looking at 7.875%-8.375% with $5500 in closing costs with tier 1 credit

If your credit score is above 700 and you can show a reasonable W2 or 1099 income they are not hard to get approved.

To achieve your goal of owning one or two single-family homes before finishing high school, focus on building credit and saving aggressively.

Yes people lose it all, typically because of over leverage or crazy events like 2008 - but if you also have cash reserves you can offset any downside to minimize risk even moreWhen people start using lines of credit and seller financing at 90-100% you are correct those people have a very high chance of losing it all.

Offer gets accepted at $505,000 with $5k in seller credit.

So if they are leaning towards more protected, private credit type offerings, then you will have an easier time raising.