Stringent Qualification Requirements: Unlike hard money loans, which often qualify based on the asset itself, the HomeStyle Renovation Loan requires your income to meet specific criteria, and the property must meet a particular loan-to-value ratio.

The requirement for the Pre qualification is the attempt to gain access to serious buyers who will be able to close on a deal.  It requires a different understanding of the process to work with investors who will make multiple offers in a short time period.

Im finding it very difficult and was wondering if there is anything I can do to assist my qualification?  

I have updated my minimum qualifications

With qualification, the line of credit would be set to $1.2M.

That safety net is more stringent mortgage qualifications forcing rental rates to be more congruent with the average mortgage payment.

If you had a standard of 600 credit score and two adults fill out applications, with only one having enough credit to qualify, what do you do?

Please review the Typical Qualifications listed at the top. 

Most people think RE Professional is arbitrary but I caution you, there is a lot of case law where the IRS challenges this qualification and wins. 

Without having any idea of your qualifications and what the hiring process would be like, I am making some assumptions.