The collection sits on their credit report, which may protect the next Landlord who runs a background check.

Not sure if things have changed but saw the prices of multifamily to be very low...drastically lower than NYC for sure.

On the same note I have tried to get her to invest in other properties with me and she is terribly risk adverse and just can’t stand the thought of having her name and credit being attached to a large mortgage even though I have explained numerous times about how the bills and mortgage payments are made by the rent payments. 97% of the time she continues to be supportive of me pursuing the real estate on my own and has been supportive of me retiring from my job to pursue it full time.

The banks don't want to give you a low interest rate that might be higher if you closed with an LLC. 

I had to put money on a personal credit card and I had to open a business credit card to cover. 

@Joe Villeneuve Block Buster, Toys R Us, Sears, Kmart, and Borders all were corporate guarantees with solid credit at one point in time.

We have a set limit that we have for credit ratings.

Wondering  if I should reach out to local credit unions or maybe a mortgage broker?

In my opinion, the problem here is that the original quote was just unrealistically low.

We need this house rented to lower our DTI.We want to buy small MTF in the future to househack in CA using low downpayment maybe FHA loan.Thank you in advance