You will be having a parent as a guarantor and it is their credit score you check not the student.As far as your credit score requireent is concerned 600 is probably OK for  C class neighbourhood but if your property is B or better 600 is far too low.

Appraisal is the wild card and honestly not many ways around it other then a good agent...and even then can be hard.Catch the wrong appraiser on a bad day at worst your screwed at low price or beat case you challenge it and win...but this still takes time.Remove the appraisal and you have much more control of the situation but lack a lot of the lending options...But 30 day can still be done and is done often (and runs concurrently with inspection so assuming you get past that).

Selling low and buying high never works, same goes with real estate.

Example:  100 years ago agriculture employed 85-90% of all Americans.   

I am looking at a property (triplex) in a B- neighborhood with very good schools around and very low crime. 

@David Harley I agree with Heath you are low on your expenses. $812/month for rent in that area also seems a tad bit steep, unless they are extremely nice units.

I do employ a property management group just to collect rents. 

IMHO, the REI Industry is The best chance that an individual has to quickly and successfully become self-employed. 

This would give you more than enough time to meet that 2 year employment history, and you can refi it for a long term loan via a bank. 4.

Appraisal comes in low?