You may not get landlording experience but you'll get maintenance, financing, and paperwork experience.I think the discussion points in your head and with them are around what kind of improvements they would need or desire (if you have to make it elderly accessible that could be a selling point for the next tenants, but what if they want something that will cause you more upkeep in the future?)

So I am looking at alternatives for people who have money buy so so credit.

I brought in a credit partner with great credit to help get lower interest rates on loans, etc.

Not an insurance agent but i believe the difference is, the Vacant policy covers the existing structure plus improvements as they are done. the builders risk insures the material and i believe aspects of the project as it is built, since there is no structure. so if you happen to take a builders risk and you are doing reno, it may not cover you for the existing structure .

I had a small business, so my credit is an issue.

The market has improved considerably in Corpus and my house is now worth anywhere around $160,000 and up depending how updated it is.We want to sell the house and take the proceeds to invest in other real estate.  

It also tracks your expenses and income, either by snapping a picture of a receipt or by linking your bank information/credit cards and importing the data.

I guess the part my buyer has had difficulty with getting financing for the property is that there are no FHA qualified structures on the property, so even with the assessed value being $34k above the asking price, she is having trouble secureing a loan on a "Land" deal, even with improvements. 

I've informed her that each adult occupant has to complete an application (I'm using erentpayment.com) and the SmartMove credit/background check.

On the other, the foreclosure tanks credit and could cause an applicant to not pass a pre-screen process.