You don't have the history like the NEST though.

If they cash out refi'd they could access hundreds of thousands of equity and have about the same mortgage payment at a much lower interest rate.Is there a family history of helping the generations? 

Employment history has been verified and they have been with the current landlord for 5 years and he gives them a recommendation letter.

Be very careful with that, Federal law prohibits discrimination against that, the only time you can specify a certain gender is if you live there, or if say your son or daughter lives there, then by law you can specify a Gender - check out Fair Housing Act: https://www.justice.gov/crt/fair-housing-act-2

You can find a ton of information about a person from some on-line services, like doing a North Carolina Department Of Public Safety Offender Public Information search using just a name and birthdate.Again, personally, I don't want to deal with people where NCDOC identifies as "Primary Crime: HABITUAL FELON (PRINCIPAL)" as in a 29 year old with 8 pages of criminal history with "total Incarceration Term: 15 YEARS 3 MONTHS 15 DAYS" … think about that for a few seconds... 

I strongly suggest checking employment history.

If my parents took on one of these roles, I would like to avoid any risk to them and their credit score, while still being able to use their history of a stable income to acquire this loan.Which role can provide income history, while not having their credit score impacted?

I live in Rochester, have a two year old daughter and just got my license last year. 

One teaches, the other believes in others.One teaches their sons and daughters when they are ready to ride a bike, even if its only gravel that they must know....

Hello BP experts,I am just getting started with my real estate investing and I wanted to know if lenders would allow putting down less than 20-25% down on a rental single family home, knowing the following- The person has excellent credit (FICO > 780)- No outstanding debt- Has a good salary and a history of stable full-time job.