We worked together over the last year and she was able to get herself out of debt and repair her credit.

I hear that verification of employment salary is almost impossible from these companies and, if we as a landlord, call the company.Want to do credit check, eviction, criminal etc (as have kids on site and am only asking 1.5 month dep) and so many people are saying their reports came back clean but then they found out things after the rental went bad.Seems ridiculous that someone hasn't cornered the market with an honest reporting company with such an important requirement.Thx

If they say no they won’t repair it before closing, ask for a sellers credit for around 10k.

The seller will not give you any credits or make any repairs in an attempt to kill the deal.

And eventually rent it out after we build our credit this condo is not to expensive so we could also save a lot, and even buy something else later on,Is it a good idea?

Criminal history?

I'm going to have the outside vinyl sided which will be the only cash I have left in the deal.Actual Monthly Expenses:Mortgage Principal & Interest: $380Monthly Taxes: $68.92Monthly Insurance: $63.75Cap-Ex: $95Vacancy/Credit Loss: $47.50Property Management: $50Total Expense including estimate for vacancy and cap-ex: $715.17Rented @ $950 per monthExpected Cash Flow: $234.83Living Room:Master Bed/Bath:Under the cardboard box in the pictures were about a hundred cigarette burns in the carpet...Between the 5 people and 3 dogs living here when I bought it there wasn't a blade of grass in the back yard:Still haven't done the vinyl but it sod does wonders and it only took 1 pallet. 

Thank you all for the great reading and research material- I never would have found this home or a lender willing to work with me and my bad credit without it!

My question is when we go to get a mortgage, will a appraisal for a traditional mortgage give any credit for the warehouse or will it just consider the value of the house?

Read this in "Landlording" by Leigh Robinson: