I would not be concerned with those items.

A child under the age of 18 is considered a minor and is unable to sign a contract unless it is for essential items.

Make some upgrades and sell it down the road and invest the profits.If you want to buy a rental and live in it first....then buy cheaper....much cheaper if you can stand it.While some people have traditionally bought, then moved, and rented the old house, you can also loose your nice capital gains exemption this way.   

I have traditionally offered good security at a 75% LTV and 15% interest with no points but at this point, I am starting to get more flexible.

My favorite option is to have a good manager, or even a traditional real estate agent, take care of the tenant turns then just have the tenant pay you directly each month. if there's ever a problem, they can be a good contact for you in the future too.

@Blair Colsey the people buying that many properties are, more than likely, not using traditional lenders that are pulling credit.

Investor financing on the front end and "cash out refi" into a traditional long term note (commercial note).

Someone can correct me if I'm wrong, but if you don't have $200K ready right now and access to $800K in loans (traditional or private), then you'll have a hard time getting into the Toronto Market.Hamilton is the closest, most affordable market going west ($60K down, $240k mortgage, on MLS).

Most want a simple "cosmetic" rehab that can be finished in 90 days.Regardless, I always advise any VA loan buyer to write an offer such that Seller pays 4% of sale price back to Buyer to pay all possible closing costs and pre-paid items ( like the first years worth of home owner insurance, etc.).

The rest of my deals were traditional lenders.