Maxing out credit cards (which I'm guessing you did) hurts your credit score which will hurt your ability to get a loan down the road.

Good luckTerm Length: 2 years with 1 year extension optionProperty Types: Single-family detached residences, 2-4 unit residences, condominiums, and townhomesSingle Property: YesPortfolio: YesMinimum Loan Amount: $50,000Maximum Loan Amount: $2,500,000Maximum LTV: 75%Minimum Credit Score: 660Debt-to-Income for Borrower: NoneMinimum Number of Properties: 1

its not real Christine he has run into real estate lending's version of the Nigerian prince scam.. its all over the internet and BP.talk about rates that are not real induce those who have little to no experience or think they found something no one else has talk them into sending them 500 to start then move the carrot farther out each time asking for a few more dollars funding is just right around the corner... 

If not, the rental application would be denied.I'm proposing this scenario because I've run across versions of this business model in Wisconsin.

Recommend checking with a few lenders once you know your score.

Meet People with Experiences Similar to Your Own: There are many organizations (both free and paid) out there that you can join such as BiggerPockets forums, local real estate meetup groups, The Entrepreneur's Organization, your local AICPA group, etc. that gives you a place to receive advice, guidance, problems and ideas.Utilize the R&D Tax Credit: Your business could receive a 10-20% refund for employee labor that’s associated with improving a product or process.Utilize Employee Retention Tax Credits: If your employees that worked for your business during the pandemic are retained through the end of 2021, your business could receive up to $9,000 each quarter that your employees were retained.Own Your Own Office: This would allow you to have multiple tax deductions, utilize depreciation, take advantage of appreciation of the property, as well as allow your company to rent out any unused space to help pay the mortgage.Take Advantage of Energy Efficient Tax Credits: There are many opportunities to take advantage of these credits such as updating the HVAC system, installing energy efficient lighting, etc.Perform a Cost Segregation Study on Your Property: This would allow your business to immediately write off the personal property within the building.Utilize Work Opportunity Tax Credits: If you hire employees from groups that typically face a barrier when it comes to employment such as people with physical or mental disabilities, veterans, etc. your small business could receive a tax credit while also helping the underserved.Use the SCORE program: This program is free and connects you with resources, and mentors and specifically focuses on helping small business owners excel.

Here is a quick rundown of my current situation.I own a house worth $210,000 - free and clear no mortgage Credit score 808I have $0 in CC and car debt...

Mix it up between-Banks-Credit Unions-Mortgage companiesAsk to speak with the Loan Officer, present to then this deal, your down payment, and excellent credit score they should welcome you with open arms...and experience or atleast have a partner/team ready.

They most likely already have boilerplate versions of them however, you want to make sure you are protected when buying and assigning properties.

There are plenty out there that just qualify off of your credit score and the property.