I'm relatively new to real estate so I'm hoping you can offer some useful insight.Applicant 1: Excellent credit, low debt-to-income ratio, upper-middle-class income, very little available cash in bank account (cash is mostly in stock and retirement accounts)Applicant 2: Mediocre credit, better-than-average debt-to-income ratio, middle-class income, enough cash available to almost buy home outright.

My wife and I currently have an investment property in the Elk Grove area with 140k in equity and a home in North Oak Park with 90k ish in equity that we're currently airbnb'ing but would prefer to not have to go through the hassle of refi or pulling cash out with a traditional bank/credit union.Both have credit scores in the high 700's, low 800's and debt to income ratio of about 25% with a potential of being closer to 10%-15% if my wife finds out she passed the CA Bar this upcoming Friday!

There is no written contract to fall back on and any bank statements of the initial purchase are long gone. 

You are buying in a hot market, so I wouldn’t bank on much appreciation.Clovis is a good neighborhood, so you’ll find pretty good tenants. 

There are also restrictions on banks lending to foreigners.  

That statement of his reignited the engine of my ambition once again.I called on many lenders,explaining them the opportunity at hand and how a little flexibility on their part can benefit us all.

What are some good strategies to get accurate utility costs, vacancy rates, and insurance estimates so that you can calculate NOI and cash flow to take to the bank for loan approval?

This means that you are opening the door to an easy court case whereby ALL of the lease payments are credited towards the purchase.3)  The Option Consideration will not be used as part of the down payment by the bank because the Option Consideration Payment has nothing directly to do with buying the property. 

that's our way of giving back.. directly. so in short  the govmit  be it city county state federal / and big banks and Bond companies have to lead the charge for affordable housing.So take what I face as a small home builder building 30 or so homes annually for fair market prices.its rare that we have a parcel that all in buying the land putting in all the UTLS  paying for all the permits etc we are less than about 125k before we put one foot on the lot to go vertical.. so in our markets affordable housing is right at 350k and up to 400k. 

@Raymond Y.Many times, once your bank is comfortable with your experience and deals they won’t check credit every time.