Do a thorough and proper background and credit check.

But we were eligible for more so they wire it right to your bank and it does not record on your credit ( it's for doctors) but three kids thru college and his 14 years of college an loans money has been tight.we don't drive fancy cars or blow money.ISO WE thought since it doesn't show on your credit and it went into my account today and I already pulled my bank statement 2 month up till before it got deposited.Could I have someone write .e a check as a gift give it back after closiing so nervous.or any other ideas we are desperate.

Pros:Strong cash flowMajor affordable housing shortage in the countryBarrier to entry - zoning prohibits new parksPride of ownership - the residents own the homeLower operating costs - the residents own the homeLower touch - the residents own the homeSticky residents - costly to move a homeEasy to raise rents - costly to move a homeRecession resistant asset class - affordable rentLarge private equity funds are entering the space - drive prices upMom & pop ownership - opportunities to improve NOI and valueLower entry cost per door - less capital neededCons:Not sexy - smaller resale pool (but that's changing)Stigma - some counties try to stop operations (poorly operated parks, criminal activity)Stigma - some people don't want to live in oneLower credit quality residentLess appreciation potential, unless forcedNiche investment - helps to have scale to properly operateMany banks don't understand it - tougher to financeOlder assets in many cases

My credit is decent (700+) currently and I believe a foreclosure will impact it by about 100 points (based on what I read on the interwebs).

They can use 25% of the rents to help you qualify, the rest will depend on your DTI ratiosYou can't just use equity in another property for the down payment, you can pull equity out via a loan or line of credit but just because you have value in that property doesn't mean you can use it to buy another 

I wanted to get your opinion(s) and thoughts on who are the best lenders in the Oklahoma City area for both straight forward deals (good credit, good debt to income ratio etc.) and new commercial construction (less then 1m).Who has the:Best ratesBest serviceQuick underwritingThank you for your time and look forward to hearing your thoughts.

Does this basically mean that I get pre-approved by all the lenders I look into (Each one putting a hard inquiry on my credit)?

@Dan Shelhamer I would not treat them the same the foreclosure affects there credit score and as long as they still met my minimum credit score I would rent to them.

Mainly came here to work on personal finance and fixing my credit AND then, let's get to investing.

I have a decent credit score (>750) but my brother has a much lower score (low 600's) due to some medical debt he incurred many years ago.