you may want to consider hiring on at a company that does a version of real estate that your interested in.. get paid to learn

DTI is not a problem, nor is credit score.

Hi Dan - I'm new'ish to RE investing but a partnership deal I'm working on now has me taking a conventional loan (I have 800+ credit score) and my partner putting 25% in for the down payment, from retirement funds.  

I like Jeff's version, but it shouldn't be like that if you choose your deals wisely.Banks want fair market value. 

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

FHA loans are traditionally not score driven, but the 203k program does require DU/DO approval.

Where do a person score need to be to purchase a Rehab, and how much money do you need to have a closing and how many can you purchase at one time, and is it true that as you fix up the property the lender will give you the money back after they do their inspections, thanks :beer:

Mortgage Services Interest Rate as of December 11, 2007 @ 1:55pm is as follows: 6.500% 30yr Fixed with credit score ranging from 680+.

A lot of HM lenders are requiring a certain credit score.

This loan would be a small balance commercial loan so while the terms are higher because of the loan amount, there are lenders for this.You would be looking at 30% down, but the seller can hold a 10% second.Rates range from Prime plus 3.5 up to 9% with a variety of terms available. 700 Credit score is needed for this program.PM me if you'd like to know more.