We encounter this situation from time to time and we just explain to the potential tenant that we will more heavily weight their credit when considering their application and that we will need to see bank statements from wherever their money will be coming from to pay for their expenses. 

@Jose OrtegaA good buddy of mine loaded up on a couple dozen properties before the last housing bubble.

Just don't put any weight in the information that the wholesaler gives you.

Thanks everyone for the sound advice, I learned long ago that trusting your gut is important but listening to the knowledgeable and experienced advice of others can be worth it’s weight in gold.  

If you structure it so you basically finance the entire rehab and purchase with no money down, no hoops to jump through, and you dont have front or back loaded points, thats a golden ticket.Any HML is going to want something down, they'll scrutinize the deal, maybe charge you for services like processing, credit check, appraisal, inspections, etc, want to see financial docs.

Same issue, partially loading.

I don't know what you guys see on facebook- all I see is a load of humble-bragging parents, holier than thou sinners and dedicated lovers a week away from a break-up.

Posting could have negative impacts on your other ventures from something, such as negative press coverage, so now the risk calculus says that the probability weighted impacts from the bad outcome far outstrip the positives of getting the unit a month sooner; now it is in your best interest to NOT evict as soon as you can. 

I have a tenant-custodian there who is worth their weight in gold.

In most cases they then take a weighted average of the three figures, which in your case would likely be weighted more towards the income approach.The income approach takes into consideration physical depreciation, rental income, vacancy rates, basically everything that affects cash inflows and outflows.