@Nikki Nicole-save up enough for a down payment and reserves on a house hack-buy a house hack

If I saw the trimerged mortgage report I can advise and fix it.There are a couple choices with the single score if they are not ITIN or foreign national.Does borrower have the reserves to make the file fly?

The maintenance costs for these (at least in the first couple of years) can be higher than most markets so plan on having some reserves.

The min reserve amount with these is you rnext callable loan balance.

There are also required reserves needed (additional savings) that you might need to consider. 

Then what happens if you take reservations for months down the road and you have bookings?

Whether or not it's a lender requirement, you do need reserves sufficient to cover vacancy and repairs or capital expenditures on a property.

If they opt not to accept the property by declining to timely give you a non-refundable reservation fee or actually sign the lease with a full security deposit and first month's rent THEN AND ONLY THEN should you process the next applicant.You should not process multiple people and select one subjectively; you're asking for trouble with fair housing when someone claims they were discriminated against.Offer the property to the first one that applies that meets your written standards for qualification.

Your annual budget and reserve funding documents can shed light on that, and you absolutely need to understand them.Owner's are ultimately responsible to pay fines, and typically charge them back to the tenant directly, or if they are using a Rental manager to oversee their unit, the PM would do so.

If things don't work out, you could screw up your investment and your personal home.My preference is to leave the HELOC as your reserve/emergency funding.