Last year, to follow my entrepreneurial spirit, I decided I will clear all my debt, save enough money for a down payment, and buy a house in 2016!

@shanel, To protect yourself as a tenant buyer, I would first go down to a mortgage loan originator with a 1003 application which is a standard federal mortgage application, and ask him her how does my credit,  income history, FICO, debt to  earnings look to you?

It's not enough that "Bank of A" originated the note and/or has possession of the note.

If still no one calls me, I'll ask animal control to remove the dog and gain the possession?

I am aware that there are new crowdfunding rules but i'd like to know how to handle new equity and/or debt investors and if we offer a basket of properties how to handle current and future investors. 

If one of those properties starts to become low in occupancy and can no longer service it's debt, can I borrow from the other LLCs that are within the fund to pay for the struggling asset?

Land has no potential for income, only debt and holding costs.

A lender (bank, credit union, second tier) is going to look at your income and your ability to service your existing debt (credit cards, vehicle, mortgage, rent, etc).  

If you have minimal or no other debt you should be able to qualify even with a lower income.  

Some are scared of debt, others want as much as possible.