The people I sold to on a Wrap weren't able to get financing and it dragged on for a couple of years until they got their credit straightened out. 

Granted there are also additional financial burdens not reflected in the credit report. 

I am Currently enrolled on a Real estate Broker course and learning a ton, so hoping to take the test next month.I have been looking at the BRRRR strategy but not having any rehab experience puts me somewhat hesitant to do this. is there any experienced Fix/flip investors out there willing to give a crash course to somebody looking to get started? 

You can always credit the cost back if they take the unit. 

Hey BP Community,Has anyone taken the multi-family bootcamp course recently?

Having just found out when credit is pulled and the appraisal is done in the loan process, I now think we may not be in an ideal position, and potentially not in a position at all, to take out a 30 Year Loan in the coming weeks.I believe adjusting course, at least temporarily, may be the only way to continue moving forward.

Some non-DSCR loan products with no income verification and no credit score required.

Once I have located such a property, I buy their property for below market, (instant equity) no bank qualifying, no credit checks, by offering to take over their loan and make their payments for them.

of course, consult with a professional, but recommend starting here https://www.irs.gov/taxtopics/tc701As mentioned, you still have to pay the depreciation unrecapture.Good luck.

Of course no one goes into a deal expecting it to be bad so many investors unfortunately only calculate one side of the debt equation.