There will be nothing you can say to explain it away either - in fact, a story like this would make it worse, because it screams "professional tenant". 

-CRE loans are a world apart from residential loans and even if the medical story was true, he could explain it to the loan officer and the "$20m in other RE" he "owns" would dwarf his FICO score issue.

Others might be fine with taking risk, but least by doing this a person can get an idea of what might go wrong.e) Legal document analysis: it will usually take a few days to go through the legal document properly, as almost inevitably there are tons of gotchas that either have to be explained, or mitigated with a side letter.That is the very short summary of what I do.

So have this book coming in the mail today,The Book on Tax Strategies for the Savvy Real Estate InvestorHowever, I was hoping that besides tax strategies, that someone could say in plain words how they would explain how do you prove that only a portion of your rent is going in your pocket?

Just mail them a letter explaining your payment procedure.

I also explained the situation to my parents and my Step Father who has very good credit said he would add my name to one of his cards he has, apparently that'll make his score help mine.I dont really know how all that works.REMAINING QUESTIONS: Are my actions the right ones?

I am not an attorney, simply an Associate Broker, but I would be happy to help explain any questions you may have about the Contract!

Explain to them that you need to know if there are problems, but they should appoint one person (you pick the most responsible one of the three and not the touchy feely one) as a contact person and they can be the one who sends you messages (except in emergencies if they are not available).

A couple weeks ago, I spent an hour on the phone with a lawyer trying to explain to him how he could use the FHA to get a CO for his client, who built a second house on his property without a permit. 

As a first step, I would find an investor friendly contractor and explain your goals and that you will get to do a lot of business together if this works out.