You'll find that if you go to the big banks they will need a min of 620-640 fico scores, smaller to mid sized mortgage bankers will have scores all the way down to 500.Banks create the min amount of fico that they would like to take in terms of risk.To answer your question the middle score of the lowest borrower will be used to determine qualification.

I hired my staff from upwork, I do have to vet them and triple check their qualifications.

Especially if you have a HOA or cooperative that can slap you with special assessments, limit your ability to rent your property, and generally make your life troublesome and expensive.As far as including the income from existing or new properties in calculating your qualification, that has become more difficult, too.

I too am trying to navigate FHA qualification as self-employed.

What other qualifications are you doing?

@Steve Vaughan  another SV brilliant post.. that's why I don't pay cash for my cars anymore I used to .. with 2% or less money out there.. and I am going to drive them one way or the other.Same with airplane.. less than 5% money fixed for 20 years and UBER write offs.. no sense paying cash for those.. this is why you have a private aviation and jet industry to begin with.. and heavy equipment for that matter.. you can buy a multi million dollar plane with 5 to 10% down and fixed for 20 years .. with moderate qualifications..

While debatable, you might also want to add some basic qualifications to your letter to explain what you are looking for.

I would still refuse to let the boyfriend/husband into the house because he does not meet the qualifications that you have.This might not be ideal, I would give the parents space but make sure you can inspect the property at your own leisure with a notice.

Are you handy yourself to ask screen the tenants as to their qualifications?

And I believe commercial financing generally comes with a higher interest rate -- along with more stringent qualification requirements, though that is not necessarily a bad thing.We plan to finance so as not to tie up our capital and allow us to keep buying properties.