I have decent credit 690 and its only that because my schooling goes on my credit card until I get reimbursed through my employer (local bank).

It will depend on the LTV, and form of ownership you employ, plus some other factors, bit in residential lending, it's nearly always that they will make all record owners sign so the collateral is actually 100% of the property.

There are also deals in the city that are in decent neighborhoods and the houses are up for sale for about $15,000 that you could rehab and they could have an ARV of about $50,000 and you could employ the same strategy.

I am newly self-employed and currently have one rental unit I've been managing since 2013. 

I live in Clearfield UTAH right by Hill Air Force base one of UTAH'S largest employers.

@Jason HirkoThey are surprisingly easy to spot.Can't prove income "self employed" and can't provide tax returns or 3 mos worth of bank statements.

You will write a little letter of explanation that explains that the old company went bust and it took you two months to find your dream job in the same industry, and provide contact info for some former manager or former assistant manager that can confirm your former employment and whatnot.

If your employer is allowing you to save retirement money, a self-directed IRA could help you if it is from a past supplier.I am 59 years old and I found BP about a year ago and I am  deciding what to do.  

More details:Personal Monthly Contributions: $250/month Employer Match Contributions: $62.50/month100% vested - meaning if I were to leave my W2 job today, I could take full advantage of the Employer match to dateI think I've answered my own question by typing this out, but part of me can't get past the "free money" from the employer contribution (my employer matches a quarter on the dollar). 

(underwriter will probably want to see six months of bank statement records showing receipt of rents)- B) Builders Employee Purchase - the 85% LTV restriction is removed or may be exceeded if an employee of a builder, who is not a family emmber, purchases one of the builders new houses or models as a principal residence- C)corporate transfer - when companies buy a house and sell it to any employee who has been renting from the employer's property - D) (applicable to you) Tenant Purchase - 85% LTV restriction may be exceeded if the current tenant purchases the property where the tenant has rented the property for atleast six months immediately predating the sales contract.