We require a minimum credit score of 620 (averaged between occupants) to qualify.

Having cash reserves AND income in case something comes up is incredibly important.  

Right now DSCR loans require 20-25% down by most lenders and your credit score will be a deciding factor for the rate and fees you pay.

Sharing your journey with detail and actual numbers from a Midwest guy is incredibly useful and motivating (also 24, just landed my first deal yesterday, and from Midwest!)

It only happened once, so you have no evidence that this is anything but an honest mistake that's been corrected.The bigger concern is the 583 credit score, because it shows a pattern of financial mismanagement.

It’s too much to explain, just not worth it… Invest in America, vacation/live in Europe…While Europe might not have worked for some, it offers incredible opportunities depending on the market and strategy.As someone living in Europe, specifically the Netherlands, I’ve found house flipping here to be a strong investment avenue, especially with the high demand for housing.

., acquiring a fixer-upper SFH) would be incredibly helpful.Thanks again for your thoughtful advice!

But, they have ZERO liability for the performance of that tenant.Second, 97%+ have no idea on how to screen a tenant, other than income = 3x rent and a credit score.

Incredibly genuine person and is a multi-family syndicator.

I know about 5 or 6 that would be incredible investments.