The demonstrated performance is only about 50% lethality.

I had a sub-500 credit score and no money in the bank.So I did what @Chris Seveney suggested to you...I brought on a partner to fund the purchase/rehab of my properties.But here's the thing...you MUST have deals worth consideration and be able to demonstrate how they are profitable to this partner.

I imagine having documented criteria helps demonstrate you're objective, but it also ties your hands as soon as somebody makes the cut.

There are quite a few threads here dealing with the different "classes", but here is a little multi family example to demonstrate the difference .

Put it in a binder with all your LLC documents and maintain your records professionally, so that you don't have difficulties with the IRS, and will also help in the case of a lawsuit to demonstrate that your LLC is not a sham or a poorly managed "alter ego" that is just an extension of yourself.* When you buy and sell properties, or borrow funds, or take other significant actions, complete and sign a corporate resolution and put it in your binder, summarizing the terms and economics of the deal, so that it appears to be beneficial to the LLC.Good luck.

Depending on the institution, it's charter, its size and portfolio, employees can be cross trained depending on their abilities demonstrated, I have seen folks get to a loan officer status with loan authority in a year, some 3-5 years, some never get there.

Borrowers’ income must support their desired monthly housing payment — including principal, interest, taxes, insurance and any homeowner association fees — plus their existing debt.Borrowers must provide a budget and bank statements for the past three to six months, a payment history and cash flow for the past 12 to 24 months, and they must demonstrate income stability.Cindy Moses, an agent with Keller Williams Flagship of Maryland in Millersville, said she was a listing agent on another NACA loan program in the fall.

Even newer broker/LOs will respect you more if you can demonstrate that you understand the process and are willing to LISTEN to their guidance. 

Demonstrate empathy for the tenant whose property was damaged.11.

You just have to have a family willing to be a little mobileBTW - the difference between flipping and any other business model is your intent and how you demonstrate that intent.