Just watch those numbers close, cause you don't want to end up like the fools in 2006 who thought the ride would go on and on.  

Even though I have been educating myself since 2009 by reading books and blogs, watching webinars and tv shows, listening to podcasts and having hands on experience in the RE world (I co-own a reno company and am a mortgage loan officer (as well as a personal finances advisor)), I believe that we should never stop learning and sharpening our skills. 

In 2014 Stanford had a 5% acceptance rate of its 42,0000 applicants.

To paraphrase, you cannot lie on a loan application or any other document related to a transaction.

Hi,My name is Pedro from Taxachusetts.I've been gaining knowledge by the minute on this incredible forum.Kudos to its creators.I have several goals to get into real estate.My wife and myself would like to wholesale,flip and buy & hold exclusively multi families for the passive income.We also would like to get our 15 year old son involved as he has shown extreme interest in watching HGTV and DIY channels about the flip and rehab shows all the time.

Of course, we all want a higher credit report.followed the credit report here at bigger pockets to include filling out their survey, watching the videos, only to be SOLD something.

I had just bought my house 2 years before that and watched it skyrocket in value for about 4 or 5 years until the recession in the early 90's.

Just watch the market for it to come available.

Local banks know you and your situation and if there is something negative on your credit that would force BofA to deny your loan application, you could likely have a conversation with the underwriter of your local bank and they may give you the loan.

Since you haven't provided insight into these prerequisites, my answer may not be applicable to your situation.I have a private syndication which my attorney set up for me, after I defined its purpose, goals, and exit strategy.