It's all about actively telling yourself to take a long-term perspective and chomp away - one bite at a time (easier said than done, but  a great exercise nonetheless). 

I liked the fact they let me use my original design with some enhancements made.

On day one they setup an exercise to improve your credit by calling and asking for higher limits as homework (This way your ratio of available credit is better).

They will exercise this strategy and then convert the property into their primary residence. 

One of them said I should get a small secured credit card and exercise my credit for a few months and reapply...

The exercise above narrows down your focus and makes you more efficient in your thought process.5. 

In the end, real estate is a long term and if it is cash flowing I'll continue to hold and exercise my tax benefits as my net worth increases. 

Despite having been told that all the vacancies are in "rent ready" condition, upon inspection I found that the amount of capital that will be required to actually get them rent ready will average around $1500/unit (x46 vacant units = ~$69k in required capital expense for initial lease-up).Because the low rate of seasoned occupancy will limit our financing options (particularly with banks and traditional lenders) we're considering the lease-option path; gain control of the property, lease it up, add value, get a loan, and exercise our option. 

I've been getting a list together the past week doing this (but I actually like to bike versus drive - I also get exercise in addition to doing something else productive). 

. + I am paying a little extra for a enhanced policy.Being that this is a very small investment with a small amount of risk I decided to try to do it without an attorney.