If they are not passive and are in fact active members of the general partner structure, then each lender will look at their specific criteria such as:Do you have credit, net worth, and reserves to meet their underwriting criteria?

We have other investments, good credit.

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

15/30 balloon conventional through local credit union.

Would a local credit union/bank be able to support this at purchase and/or once the rehab is completed?

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

With strong credit and at least a 1.00+ DSCR, you could have some very workable terms on a 30-year fixed.

If you have U.S. credit, 2 scores must show with at least 2 years of trade line history.

Neither of us have good credit.

Really depends on the scenario in terms of property value, cash flow, credit, and leverage.