If the applicant comes from the pool of people that I or my tenants know, I use real estate as a way to give back as many of my tenants will not qualify credit wise or may even have a criminal background or would struggle for another reason if I were to just stick to the "background/credit check" criteria. 

this is basically the business credit coaching partner that works with you over the course of 12 mos. to help you build up business credit for your company. 

Two, you'll have a much easier time obtaining a mortgage product if you have a track record of W2 income.In the meantime, continue implementing the strategies you mentioned: save religiously, build your credit, pay any existing debt owed, etc.

If you're using traditional financing on your primary residence, they're going to do another credit check on you just before closing.

You end up having to sell to someone with higher down payments, better credit, better operating plan, and 100% investors who never want to pay top prices.  

Prepare financially by saving for down payments, improving your credit score, and setting aside emergency reserves.

Quote from @Griffin Malcolm: Open an LLC and apply for a small business line of credit from Key Bank.

If Don fails to pay, the bank will certainly go after me, it will at least ruin my credit and will likely take me to court.

Since I'm a new immigrant with no credit score, a DSCR with 30-35% down payment is my only option, so the 50K need to include that down payment alongside all other costs (closing, rehab, etc). 

I'm new as well congratulations on you're first property me and my fiance was going to start a real estate business but she has cold feet so i already have a LLC she the one who has the 820 credit score and I'm getting mine back in order we both have one property each i just loss my contract for my business so I'm thinking about using the equity from my home or turn my home it a bordering house just need some mentoring