If anyone has tips for tackling those first few deals, insights on balancing these strategies, or just wants to connect, I’d love to chat!

All that said, we just met them in the middle and gave them the credit because we wanted it to be over.

We also got over 100K in credits for repairs.It was a killer deal.

Renting it out while strategically leveraging the equity could be the best path forward.As @Jaycee Greene said, DSCR looks at your credit rather than DTI.

the note is converted or exchanged for credits?  

At the moment with 3 rentals (6 total units), I have one account and a credit card associated with it.

However, aside from that, I couldn’t find much information about them, and the only online presence seems to be the wife’s LinkedIn profile (though I’ve never met her in person and am just going off her profile picture on Zillow).After submitting the application through Zillow, we attached our income (two months of pay stubs for each of us from our current jobs), work references, credit and criminal background, rental history, and the contact info for our current landlord (who just so happens to be my fiancé’s father).

I joined this forum to connect with others, learn from those who’ve been in my shoes, and maybe even find people to partner with in the future.If you’ve got any tips, especially around raising capital or structuring your first deal, I’d love to hear them!

As long as the rents can cover both the current PITI and proposed P&I payment, credit is at least 680. you should be able to qualify. 

By the way, credit card expenses count when charged, not when the credit card bill is paid.Buy more stuff.