David Stone , a traditional bank will look at your debt to income, credit score, and they will not consider the rent from the duplexes as income usually until you've been a landlord for two years, they will also want 20% down, plus closing costs, plus slightly higher investor interest rate, plus probably want you to prove you have 6 months of cash reserves or equivalent marketable securities.

Divorce,death,bad tenant,behind on payments and facing foreclosure and bad credit?

I would try to find someone in YOUR LOCAL AREA  that has a successful track record that would be willing to partner with you on a deal.

I am newbie here who has heard real estate is a great way to build long term wealth.I would like to get started but with a bad credit  history I find it extremely diffcult.Still the financial longevity well not only be statisfying but the peace as of mind will put me at ease.

Are you in need of a boost to help give you additional means to pay your car bill, education loans, credit card debt, etc.?

I finally tracked him down through one of his references (his pastor of all things). 

I have application with clean background checks and credit score of around 680Income to rent ratio is 2.5.I have asked for a consigner.However I am wondering if There are any other options worth pursuing to mitigate the risk - such as ask for 3 months rent as deposit instead of one month ?

Currently, I track net worth monthly on a simple excel spreadsheet (has columns for checking, retirement, index fund, etc...).

Once certain terms of the note are changed such as maturity date, balance or an increase in payment the modification is considered a new extension of credit and is subject to certain regulations which govern the extension of credit.- The creation of a new "note" would mean the satisfaction and release of the prior security instrument.  

I have 0 derogatory marks and great credit other than bad dti due to some credit cards.