Typically most lenders will cap you at a $500k line of credit limit.

HOW BAD woman!!

The loan is based on the income of the property for qualifying purposes (in addition to credit score) versus your personal income.

Although, I didn't know it was this bad.

That seems a gross oversimplification that can result in bad returns.I've personally invested in some low cost markets that gave me great cash flow and above average appreciation. 

I had a similar issue in my house, with a bad sewer like odor.

I'd first look at local credit unions and then expand outwards from there and know you can sometimes get financing outside of the state.Another option is to work with a private money lender.

You can have informal conversations with them about exactly these types of questions, without having your credit pulled or starting an application.Good luck!

The right answer to this is they should lock your rate for 30 to 45 days and do so immediately upon your credit being pulled and the application submitted. 2.

Dedicate one checking account and credit card exclusively to real estate.