They wanted $1.2M to payoff  maturing HML on a $2.5M property. their credit was 580 and we told them we would not give you a loan but we would buy the property from you for $1.2M, provide you with a 12 month lease with an option to buy. in 12 months you either buy it or its ours. 

Then they didn't pay them and the  bad credit goes to someone else! 

I do not use a property management service to advertise and have always used Zillow to advertise, previous references, housing records, credit checks etc

You can do a duplex though, which might not be a bad idea.With your credit score, conventional might be a good choice, you only need 5% down for 2-4 units if you live in one. 

Interesting approach, how would multiple refi affect my credit score?

@Jonathan Small government actions have led to an unprecedented 40% increase in the money supply, 50-year record inflation, record increase in interest rates, bank failures, credit tightening, CRE recession, housing affordability issues, mobility issues, inventory issues, and massive impacts to the world economies, every investment class, and our families, kids, and friends like never before. 

They also have the Mortgage Tax Credit.

Norada was basically borrowing and owing unsecured debt, like a revolving credit card debt.

Do you have W-2 Income, 20% down, reserves, and a decent credit score?

He said his credit rating is 760.