**Overall Picture*** Age: 59/57* Income: Father - $100,000 Salary - ~$5.5k/month net (mother unemployed, not looking)* Credit Score: 857* Extraordinary Expenses: $0* Mortgage Debt: $222,000* Consumer Debt: $0* Cash Savings: $30,000* Investments: $70,000 - Work Account (unknown type, fully vested, 100% employer contributions over ~6 years) - $19,000 - 401k Account (unrelated to work?)

Another way is a personal property depending on your credit score.

I'm currently back home and looking to 1) rent out my room and earn some cash flow, and 2) find another hot spot to invest in, and 3) find a lender who will lend to me (great credit score, have collateral land and cash, but no solid proof of income for last 2 years -- traveling).  

Your biggest hurdle on getting another loan, aside from LTV of the property, credit score, etc. will be your debt to income ratio; you will be unlikely to be allowed to use income from the first rental for X amount of time. 

Then we received our copies of our credit scores in the mail and we were shocked to see her score 200 points lower than what we knew it to be just a few months ago. 

My credit score is around 620.

I could utilize a first time home buyer program (after I get my credit score up about 40 points) since I have never purchased before.

When I applied for car loan they checked my credit and my credit score is 725 so far.

As the kids move to middle, scores/reputation will follow and your investment will appreciate.

I should add that both of our credit scores are excellent, and that we have 2 fully paid off properties from which we could draw equity.Would anyone be able to speak on this matter?