Like @Carolina E.

As you said, inquiries only count for a small part of your score and your credit/debt ratio carries more weight.

Great property managers are worth their weight in gold. 

However, we do typically quickly analyze and look mostly at D/E (Debt-to-equity) of the borrower as well as their current ratio ( current assets/current liabilities).

Many folks believe that because Chicago is much more diverse in its industries, economy and has better job creation strengths, that Chicago will be immune from Detroit's death spiral of (a) borrowing and pension debt, (b) failure to control the costs of government, (c) loss of state revenues, (d) bad public schools and (e) ever increasing tax burden for working, middle class families.My interest in this question stems primarily from the dramatic price declines in Detroit real estate prices before its municipal bankruptcy. 

@Jonathan Lopez  just use normal buying protocol.. find house,,, if you like make offer,,, once accepted have it inspected by 3rd party company... ( have your mom attend the inspection)  if it all checks out and your paying cash.. you can do everything with scan and e mail and wire closing funds... some fed owned properties will require a few docs notarized which is a hassle but them just have title company send you preaddressed and prepaid fex label... pretty easy these days... buying remotely is no problem when your paying cash.

Originally posted by @Randy E.

Now, I have to E-Mail my new Russian girlfriend, she's a 26 year old model and needs only ten thousand to get out of her modeling contract and get a ticket to come marry me!

Just weight them appropriately for what your long term goals are and do it :)Best of luck and glad you had a great experience with your first BRRR!

It is something like P/E ratio for a stock.