I could be misunderstanding how this deal was structured, but wouldn't the seller who is on the underlying mortgage have an incentive not to let it go into foreclosure since their credit is at stake?

I have also have saved almost $50K so far to take a start in this game and also my personal credit score is above 750.I'd like someone to guide me purchasing my first property and want to kickstart with a small property first.

Either way if you personally guaranteed the note, yes it will affect your personal credit no matter who the property is titled to.

@Geovanni Cano sellers don't like FHA, it is meant for people with little money and very low credit score, plus you have an FHA inspection which can derail a deal a week before closing, nothing the buyer can do.

In most of those cases, their broker took a high fee and the investor didn't end up with a great deal.Here are a couple of things that are a tipoff you are not working with a broker with your interests at heart (1) they want to pull your credit before having a conversation, or (2) they send you a long list of things you need to provide them before learning about you and your deal.The conversation should start with why you are interested in REI, then understanding your strategy to get there.

When you go to a Bank or Credit Union, they can only offer you what products that bank or credit union offer.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Credit unions, banks, mortgage companies and private lenders.They all had the same answer.

I would like to know if Data analysis in needed in Real Estate industry. If so, I would like to apply my expertise in Data analysis as part of my side hustle project.Please suggest.

CA there is NO possibility of a deficiency judgement on a purchase money owner occ loan.. borrower can walk and the worse that happens is their credit will have a foreclosure if the bank goes that route or a deed in lu.