Conveniently this will exclude negative credit score events like foreclosure, bankruptcy, judgements, etc which are indicators of creditworthiness.

But, they are for creditworthy borrowers.

The theory­­­­—or the hope, at least—is that the buyer will eventually refinance that payment with a traditional lender, armed with improved creditworthiness and having accumulated some equity in the home.Seller Financing for BuyersFor all the potential pluses to seller financing, transactions that use it come with risks and realities for both parties.

My question is: From a lenders view, seeing partial income now from a new S corp and 1099 still make me credit worthy or would they want to see the S corp mature for a few years?

Typically 80%-100% purchase with full rehab.It depends on experience and credit worthiness.

There's no rule that says the seller needs to collect a down payment, but you should be prepared to prove your creditworthiness.

They are not as good turns, but the loan is based off of thr property and your credit worthiness rather than DTI.

From an accounting/creditworthy perspective it can be really helpful to have multiple streams of income.

If you have the requisite down payment, a credit-worthy borrower, and a good property, you have all the ingredients, it might just be that you are not talking to the right lender yet.    

"No longer be deemed credit worthy."