I was expecting business credit.

My plan is as follows:Keep stuff in my name so I have more lending options and better rates, including credit unions. 

A few examples of when you might see a higher cap rate is a non-credit tenant (mom and pop, one store operator, hand to mouth financials) or you might see this with a tenant whose lease term is set to expire in the near term (2 -3 years or less).

Sometimes your credit or the deal itself might change things so without knowing EVERYTHING about you (which would be hard to do in a public forum) it might be hard to really say what's "normal" for you.  

The judgment is on their credit report, but you'll never see the money.

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

Hey Jason thanks for the reply I’m actually looking for this type of loan to do a fix and flip, also right now my credit is under 600 which kind of excludes me from the majority of lending options.

Work on your credit score.

This is the lowest barrier to entry that I could think of while using only my own resources.

I will pay cash or put them on a credit card, depending where I am in my funding and build cycle.