Debating whether to buy off market property in Houston that is 20 % below recent sales, walk scores are decent, all the schools are between 6-7 and rent is .8%-1% of the value.

Generally if you had a hard pull done on your credit (which happens when taking out traditional mortgages) your credit score will drop for a little because of that and then come back up in a few months or so.Best,Paul

If savings are limited get your credit score right (if you haven't already - around 600 or higher is where you want to be for a FHA loan) and go this route.Depending on the market, a duplex (owner-occupied where you live in one unit and rent out the other) can pay most of your mortgage while you have the potential to be cash flowing on a owner-occupied 3-4-unit.

I am hoping that banks will take into account how much I have saved up, as well as my above average credit score and I will have a part time job to make my DTI ratio better.

Leverage and appreciation can be incredible wealth generators.  

Must have a good credit score and the income.

The value one person at one time places on something can be incredibly different than the value another person gives it at another time!

In my area, 1% would be incredible, especially for a 203k.Feel free to message me anytime if you have other questions or just want to chat!

Then, use that cash to fund your reserves and to obtain a secured credit card to increase your credit score.

But I do have a great credit score how do I leverage my credit score to get loans for rehabbing and flipping homes?