In theory you should qualify to obtain this loan out in this example but I've never had anyone who had no income source or other properties except for the subject rental in question.

I think my biggest obstacle right now finding more money and/or financing with credit that is not so great.

Finding the deals is getting tighter, there are very few GOOD wholesalers, so its an unreliable source.

My biggest obstacle now is finding a home in the Rosharon or surrounding areas that my family can live in for 1-2 years and then become a rental property.

Currently I'm building my personal investment portfolio and also wholesaling to other investors and sourcing properties in Memphis Tennessee where cap rate is over 15%.

Be sure to note that you are happy to cooperate with agents, and will pay X% to the selling office (if in fact you plan to) The biggest thing you need to address is how you will handle the finish work, and come up with a set plan, as it's one of the areas that can turn into a nightmare.

Most of mine were on the MLS but some came from unusual sources.

My biggest problem when I moved to my new state was lack of other members of my brokerage.

Or will this move make me seek other funding sources?

Total monthly operating costs should be $2250.In terms of the deal split, my partner would be the person who sourced the property opportunity and who will serve as general contractor.