We service the loans ourselves, need no license, and when a case goes infront of a judge there’s no stretching the law because of sympathy for the consumer home owner; both us and the debtor are professional business people.

No student debt or any debt for that matter.

Texas is landlord friendly but also debtor friendly. 

This is different than credit card debt or debt on a personal residence.

They qualify you based on how much money the rental property pays you (rental income).If it's your primary home, then either pay off some low-balance credit cards/car loans/other loans to lower your monthly debt--or explore strategies to increase your income (feel free to message me for more info on this).

Is your friend assuming he can't get a loan because of his current mortgage and the credit card debt or has he actually talked to a lender? 

Most lenders will make you buy in an LLC so that it is not officially owner occupied no matter what but will make it a little more difficult to do a refi into long term debt or they will make you buy in your name but sign an affidavit that you will not occupy the home.

To the extent permitted by federal law, a person is acting in this state if the person is located in this state and is seeking to collect from a debtor that resides inside or outside the state, or is located outside of the state and is seeking to collect from a debtor that resides in this state.

., Notes, land contracts and/or any other debt or obligation) more than 10 (ten) 1-4 unit financed properties, including the subject property and the Borrower's Primary Residence, provided that, when the number of 1-4 unit financed properties (including the subject property and the Borrower's Primary Residence) is greater than6 (six), the Mortgage must:o have a minimum Indicator Score of 720 ANDo 8 months of the monthly payment amount on each additional second home and/or 1-4 unitInvestment Property that is financed and on which the borrower is obligated.

Please note **This is not a financial, debt or capital solicitation**I am open to coaching, however I would expect that individual to directly participate - where my success is their success.