No bank, no credit report, no hassles.Would that qualify as a "deal"?

Bob gets excited & begins planning for the future. 2 weeks later person A finds out they have terrible credit & the bank won’t loan him enough money to buy Bob’s house.

The ding, 4-5 points on your credit score, is only temporary. 

If you have some really high interest CC debt or a lot of CC debt then you should probably start putting it on these bills to boost you credit score and improve your debt to income ratio.

.  ($129,500 to $135,750) or ($136,500 to $146,250) depending on the appraised value.Shop around with local banks and credit unions for better deals.

Account Closed So does this Tenant Buyer normally have poor credit? 

If the tenant is worthy in terms of other factors like income and credit then I don't see anything wrong with them asking for what they want.

HELOC's are like credit cards, but your home is the collateral.

If you have a good credit score, reliable income, and a decent DTI ratio you can carry up to 4 conventional loans.

Among the benefits of this are:1) you can claim the deduction even if you do not itemize your tax deductions2) it can lower your AGI, which may make you eligible to claim additional tax deductions or credits