Let me know if you switch jobs and take a pay cut, miss a credit card payment, etc, and I'll let you know if it'll still work without anyone's time being wasted and/or what will work now that your objective creditworthiness has changed. 

Most landlord's will primarily focus on making sure they are receiving a tenant of equal or greater credit worthiness when an assignment of a lease takes place, as they had previously negotiated the terms of the lease at least in part based on who they were getting as a tenant.

And the cosigners aren't occupying the unit but I need to verify their identity, criminal history, credit worthiness, etc.

Not only are you dealing with the traditional idiot sellers you are also dealing with non-credit-worthy buyers.

Mortgage and more important for most sellers is this remains on their credit and affects their ability to borrow since the mortgage is still open.So when you get under capitalized or just plain crooks ( and I am not calling anyone on this thread a crook by any means and don't know their capital strength as well)But this scheme brings in the less than honest players and the one's will little to no money and a big dream.So know they have control of the asset.. they then either sell again on a contract for deed or another wrap or another sub too.. to what is usually a buyer who can't get a traditional mortgage.. now some of those buyers could be credit worthy but many to most are NOT.. so you are now setting up sub prime borrowers .. these borrowers fail with alarming rates we know that. 

For all intents and purposes, the borrower’s credit worthiness was relatively the same among the good and bad segments.

Build your credit worthiness NOW.

@Michael Leeson the best thing anybody can “do” who wants to increase their wealth and real estate ownership prospects is to improve their credit worthiness.

While creditworthiness and property value are considered, other factors like the borrower's relationship with the lender and the lender's risk appetite can also influence the approval process.DSCR Loans: DSCR loans have a specific underwriting focus on the property's cash flow.

Also, your personal credit worthiness will be important but not as crucial to this as the income and condition of the property you are buying.