Instead we have to first screen all other criteria first(income, employment, housing history, credit scores, etc.)

Due to some exposure to some incredible resources, like BiggerPockets, I now know I can get started without already having millions in the bank.So here I am looking for my first deal around the Indianapolis area.

@EveryoneThese replies and advice have been incredible to read.

Wife has a 700 credit score and I have a 650 credit score with no debts besides an auto loan that is being paid off with Turo. 

I plan to build a good credit score while at university so that factor shouldn’t be a problem.

Reserves refers to extra money you have in the bank to make mortgage payments after your down payment and closing costs.This rainy day savings requirement varies by program, as well as your credit score, debt-to-income ratio and down payment.

This has been an incredible model for us.

We don't know where to begin I don't know If I would qualify for a commercial loan due my credit score being only fair (670) range.

If I terminate the holding lease will that affect my credit score?

Address, neighborhood, building age, building style, number of units in the building, crime rate, walk-score, pool, gym, laundry in-unit, sqft, laundry center, carpet, wood, vinyl floors, number of bedrooms, bathrooms, price, etc.