So, you will need to stand behind the LLC's debt even though the debt will be in the LLC's name and not on your credit report.3.

With good credit and a relatively low LTV, they may price comparably. 

Most non-FHA loans will require at least 15% down but you'll have to have amazing credit.

Another option is to co-sign but that has the same impact on my credit and responsibility to the bank.  

B) pay all the remaining rent but I’ll credit it against the kid’s rent next year.

I racked up debt, at times putting expenses like property taxes on a line of credit.

;however, my issue is that I dont have good credit and since im self employed I make.very little income. 

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

And don’t sleep on local banks or credit unions—they sometimes offer flexible portfolio loans that could work for a deal like this.Since your wife qualifies as a first-time homebuyer, check out any state-specific programs or HUD options for down payment assistance.

The homeowner collects a NET/NET 5% yield with 1% increases each year in long-term lease by a BBB+ credit rated tenant (similar to Morgan Stanley credit).