I put a new build under contract early this month, and are now working on the loan with a credit union.

Purchase price: $145,000 I am the managing and credit partner on this investment.

Your credit will drop if you don't use credit.

The only things that matter are credit, down payment, reserves, and DSCR ratio! 

Their character, their payment record, how well they take care of you property, etc all these things are for you to discover with your tenants and build trust between each other. 2. when it comes to screening, you must check their credit, their paystubs, their employer and landlord references, their criminal background, I also get a copy of everyone's photo ID.3.

But, they have ZERO liability for the performance of that tenant.Second, 97%+ have no idea on how to screen a tenant, other than income = 3x rent and a credit score.

Assuming a loan, juicing cash flow, being aggressive in offers and asking the seller to pay a huge seller credit, etc. 

@Geovanni Cano sellers don't like FHA, it is meant for people with little money and very low credit score, plus you have an FHA inspection which can derail a deal a week before closing, nothing the buyer can do.

Perhaps slightly higher from an alternative lender but definitely not from a credit union and expect much higher fees.

This is the reason I quit being a moderator because of something that went mildly off the rails in the forums, and then it was completely censored because I responded to staff in the forums after they mentioned me.I think the moderators do an amazing job and should be given more pay or credit or anything.