Fast forward 3 years... we’ve both built our credit, bought our primary residence, have two kids with a third on the way, solid middle class jobs, and some consumer debt.We were gung-ho to get going in 2019 after bonus and tax time to get a rental property finally.

We have a vacancy and some prospective tenants applied but have pit bulls.

Hi,I am in the process of deciding a tenant whose credit score is 556.

I have excellent credit, steady income and plenty of cash reserves. 

I have funds and also available credit to front the rehab costs.

My credit score is great (770), I have enough for another down payment (20%) but lenders still can’t lend because I have around 230k in debt from the other home.

This gives you time to plan your next move, improve your credit, build up a down payment, and Next, the FHA mortgage can be used on property when you agree to owner occupy; if you want to use as investment, then find a plex unit and occupy one unit.  1 to 4 units are still considered residential, while 5 units and up require commercial lending.All the best~

Indy is business friendly and has a AAA credit rating, lots of jobs and has had a steady 3% population growth over the past 30 years.

The law of averages applies to everything in life.Why am I here? 

I attended college before joining the Air Force and have nearly $25,000 of school loan debt that has hurt my credit score substantially.