If the primary borrower can't pay the mortgage, the noteholder will absolutely protect their own interests and go after the partner regardless of whether or not their name is on the deed.This situation happens all the time in divorce cases where one ex-spouse quitclaims the house to the other but later finds out they can't qualify for a loan because the the mortgage is still under both their names and is killing their DTI.

I chose to venture down the path of a real estate agent because it requires less money to start-up... and it becomes very difficult to qualify for conventional loans without a solid employment or credit history. 

I would love to hear a podcast from someone experienced in the particularities for San Francisco.David maybe you should qualify your comment with over a long enough timeline everything goes up.

As you probably know you, you would be able to count some of the income from the other unit(s) --usually 75%-- for qualifying.  

Paying more for a qualified experienced talented rehab GC will cost less by project completion and in most cases RETURN MORE MONEY, and in the end this isnt about paying little its about RETURNS.

Here are the numbers on the property (we are looking to buy and hold)Purchase 70kArv 110000Rehab 15000My wife and I have great credit, cash reserves (40k), no debt, so I assume we would qualify for loans (currently waiting for my 2 year mark at my commissioned job).  

They're many qualified individuals here depending on what you're trying to do.If you want questions answered I can try my best to help.  

If you have the cash to buy at the foreclosure auction, start looking on the MLS for properties that don't qualify for conventional financing.

They told her that she didn't qualify for my unit, but did for a park owned unit.It is not fun when there are other people with a ton of control over your deal. 

I'm take the lead on per-qualifying this group.