The attorney's I use have stated that the online sites do not technically supply all the information required in the bill and stated that if the landlord wants they can probably not accept any of the current online sites like Zillow.

Some will accept lower FICO scores than others, some require that you close in an entity, some won't allow first time homebuyers....just some things to keep in mind. 

Financing costs are much more expensive than they were a few years ago, and you just never know when a property is going to be a maintenance headache or you happen to switch to a market where rents happen to fall over the next 12-18 months. 

What you are referring to is a  DSCR loan which the lending companies do provide, they do require decent down payment and it must have good cash flow.

The park's rules requires at least 1 member to be 55+ on the application, so it appears that the co-applicant could be under that age.

For example: 975k for an old (100 years) place with 100k income and 27k property taxes and owner paying $8,200 in annual utilities plus insurance and maintenance costs. 

With residential properties and hard money lenders, they will usually have an option for financing the property's renovations as well.There are a couple of caveats: first, most lenders will require a property down payment.

I would require a signed lease from them as well as a security deposit. 

We also heard that Encore requires that you hire one of their pre-approved management companies which would not work for us.

No activity though.A lot of people tell me that I should obtain my Real estate license to convert our rentals from passive to active income, but I don't exactly understand how that will help.I'm not looking to be an active real estate agent, but was thinking of obtaining my license to become an associate agent to fulfill the hour requirements and just for fun.Is this the right path?