Screening - run credit - background checks?

Total Closing Costs (J) $62,251.61 $0 YES Closing Costs Paid Before Closing$0 $0 NO Closing Costs Financed (Paid from your Loan Amount) $0 $0 NO Down Payment/Funds from Borrower$0 $0 NO Deposit -$1,000.00 $0 YES Funds for Borrower -$36,304.75 $0 YES Seller Credits$0 $0 NO Adjustments and Other Credits $1,304.86 $0 YES $26,251.72 $0 Cash to CloseSummaries of Transactions BORROWER’S TRANSACTIONUse this table to see a summary of your transaction.

They have an "Investor Cash flow" mortgage where they basically use the cash flow from the investment property, your credit score, and proof of down payment (at least 20%) to qualify you for the loan.

I think this could be a great thing because we could get magnificent properties for pennies on the dollar, all while the people get to keep their credit, and the banks gets their money.

My fear with doing the latter is the fact that a HELOC is looked at like any other revolving line of credit and that would badly impact my DTI...any thoughts?

Thank you so much so do credit matter for real estate?

3) Is there a usual or standard amount/percentage for the Option Fee, rent credits, and any other fees/charges?

Do you have a business line of credit by chance? 

You can choose credit only or credit plus criminal & rental history. 

I called a few credit unions local there, and they told me I have to live in the area to be a member and ultimately to take out a loan.