Just check and verify her employment.

You need assets or cash flow, or both, to employ financial leverage techniques to accomplish truly creative financed transactions.

Employment/income check?

If the $1.4M is all with his current employer's 401k, his options are limited.

Demographic Analysis: 50% of listed non-distressed homes within subdivision have sold within 6 months. 4.25 months of total inventory 10.2% unemployment as of July 2013 "Major" corporations and employers within 5 mile radius $59,623 median income Disposition: Property is situated in a well developed urban community with great schools and almost zero crime.

It is unlawful for a person, in connection with the application for or procurement of a loan secured by real estate to: (1) Employ a device, scheme, or artifice to defraud; (2) Make an untrue statement of a material fact or to omit to state a material fact necessary in order to make the statement made, in the light of the circumstances under which it is made, not misleading; (3) Receive any portion of the purchase, sale, or loan proceeds, or any other consideration paid or generated in connection with a real estate closing that such person knew involved a violation of this section; or (4) Influence, through extortion or bribery, the development, reporting, result, or review of a real estate appraisal, except that this subsection does not prohibit a mortgage lender, mortgage broker, mortgage banker, real estate licensee, or other person from asking the appraiser to do one or more of the following: (a) Consider additional property information; (b) Provide further detail, substantiation, or explanation for the appraiser's value conclusion; or (c) Correct errors in the appraisal report in compliance with the Uniform Standards of Professional Appraisal Practice.2.

As mentioned before, if you work with them and both are employed, you may have a small golden goose there with 3K a month for reinvestment, in 6 months they could provide 18/20K on a rehab for you or maybe a client.Not enough info here to make a determination, IMO, just guesses and assumptions.

Look for a place that is close to employment centers Downtown/Large malls.

She's not employed, and on one of my property purchases, her score had taken a hit for an identical reason as yours, and they wouldn't close unless I removed her from the loan (she did go on the deed).Also, are you seeing your score from a true credit bureau?

I'm in the process of getting the employment info on the remaining two.