I currently bank with a credit union, is that a good option to apply for a mortgage loan or should I branch out?

But he has crappy credit so he can't do it for a year. 

So if your car payment, student loans, credit cards, current mortgage all add up to $500 (wouldn't that be nice!)

Yes, build some credit.

Local regional banks and credit unions are the best place to look for HELOCs, not mortgage companies or brokers. 

For purposes of having a commercial space, for business credit, applications/requirements from many companies and to keep our incorporation in the state of Oregon, we are currently leaning toward continuing to rent the cheapest office unit month-to-month as our Principal Place of Business just to meet the requirements of state incorporation/other companies.I'm certain that we are not the only virtual business to face this dilemma... has anyone found a solution to this.. perhaps a method or another state that permits virtual businesses without a physical presence to be incorporated in their state?

Preforeclosures can include lease-backs, "saving" the homeowner's credit and "saving" homeowners from foreclosure.

They are flipping it now and providing what they have- Court ordered foreclosure / receivership / etc so PM only has operating history since taking over- Owner bought property vacant and did rehab until ~6 months ago.

Hello,my wife and I are new investors looking to purchase our first investment property.We have excellent credit and plenty of equity in our house.

Credit unions?)