I have the tenant pay the credit screening service directly, and do not collect any fees from them myself.

I will only accept a certain credit score or higher. 

My credit is stellar so that will help as well.I'll have more information in the coming weeks and will be sure to update you.

A home equity line of credit to setup would take too long.Both of our credit is 780+.What option do we have that we can close quickly and use his home for Collateral.Thanks!!

And it's hindering me from acquiring funds because I want to begin under an LLC to acquire business lines of credit. 

Or is it just better to knock and face the disgruntled homeowner.5 - Does an investor just line up credit first and then go into the wild.6 - If the credit lined up via a bank/credit-union is for more than the price of the home, does it still require your own 20% down.7 - Duplexes/Triplexes/Quadplexes don't seem to be listed very often on many sites.

Now I have to credit $50,000 of that "Z-equity" (new term I just made up) to @Russell Brazil for negotiating $50,000 off the asking price in a seller's market, but since I use mint.com to calculate my networth and mint.com uses Zestimates I am very happy with Zillow right now and given all that-- I think Zestimates are very accurate and I hope everyone else considers them as accurate as I do now!

Since this is all owner finance, it likely won't affect my DTI, credit score, or ability to pursue buy and hold as I've planned all along.We haven't discussed the price they are looking to get, but I don't think they honestly know. 

Generally a realtor should do a background check and credit check.   

My dilemma is I had two groups send in applications at the same time, pass background & credit check but one group is significantly better candidates.