Changing jobs might affect your credit worthiness, but that's a question for a lender so just another reason to start talking to a lender so you know your options.

And then after all that it's still up to the particular underwriter and what they are seeing as all relevant factors to determine credit worthiness.  

In that case it's common to have the owner guarantee the lease, and then you evaluate their personal ability to pay and credit worthiness. 

Prospective tenants are screened for prior evictions, judgments, liens, bankruptcies, criminal history, sex offender registry, terrorist activity, and credit worthiness.

There is a direct co-relation between income levels and one's creditworthiness.

You should be prepared to demonstrate your creditworthiness to the seller should they entertain it and be prepared for less favorable terms than what you could get from a lender. 

Advertisement and Legal Proceedings: Manager agrees to advertise for tenants, screen tenantsand select tenants of suitable credit worthiness.

This of course assumes that you are credit-worthy and have the income to procure such a loan.

It depends on your credit profile and needs.A quick run-down of banks vs. private lenders:Banks- Lower cost (interest rate, fees, points)- Possibly lower leverage (LTC/LTV)- Need to find a bank comfortable lending on SFR fix & flips- More stringent underwriting processes- SlowerPrivate lenders- Higher cost (interest rate, fees, points)- Possibly higher leverage (LTC/LTV)- Less stringent underwriting processes- FasterIf you’re a creditworthy, cost-sensitive borrower, then you may find working with a local bank beneficial.If you’re less creditworthy and not as concerned about cost, then you may find working with a private lender beneficial.In any case, it probably makes sense to develop relationships with both types of capital sources if you plan on doing more flips down the line.Best,Michael

As for raising funds and having partners, decide what role you’re going to have if you don’t bring the capital or the credit worthiness.