If I represent my friend, could I pledge my 3% commission into the home for credits, buy downs or as more money down for a down payment instead of taking a cash deposit?

@Jessie DillonAnother "it depends" personally I prefer an open credit line and at least 3 months in reserves for my own comfort.  

If they go out I can raise rents to still below market a little for a good deal to a tenant but after my lease up expenses still have additional equity and value to show for it.I shake my head at buyers buying Popeyes with some small franchisee that is 6.2 cap rate versus national grade credit at 5.9 cap and that Popeyes paying market rent.

I want to buy another one but my credit score recently tanked due to a collections filing from a property I rented.

Applicant just out of prison, with no good credit and just a few months on the job.

However it can depend on a lot of things like your deductible, your credit, coverage.   

Once again, thank you for the tips on how to navigate the complicate world of real estate.

Try a local community bank or credit union.

HI BP,I've been thinking about what to ask from tenants in case of issues...besides a copy of their gov't ID (Drivers or passport), credit report stating full name, address and birthday, what else do you all typically ask for?

Saw some interesting houses at Ashland auction, any tips with auction homes?