However, if the applicant only has a low credit score but more than sufficient income, rental history, steady employment, etc., you may consider conditionally approving with a higher security deposit (or alternatively, use an insurance policy - "fee in lieu of deposit"), first and last month's rent.

I have been looking to employ the strategy for my next buy.

Conservatively, I think we'll be making around $80-$100k/yr ($50-$80 W2, $30-$50 self employed). 

I would call a Broker you trust and ask them for a referral to a few Title Companies that employ attorneys (not all do, at least not in Maryland).

Brand new to BP other than listening to many podcasts.Self-employed and have been using most extra income to reinvest in my business to grow it.

Assess economic indicators, focusing on job growth and major employers. 

If they are on welfare, self employed or not working, regardless of their income, I do not rent to them.

I was referring to the attorney that is employed by the 1031 exchange company that handled the exchange.

Quote from @Gabriel Ortega: looking at 75-80% ltv for a heloc, yes all rental income are in schedule e  Hey Gabriel, If you are only a W2 earner the bank statement program will not work out, since you must be self-employed to qualify.

These markets are very large in NC (comparable and larger than Fayetteville) providing for great economics as well as a more diverse employment base.Doing a renovation is not as intimidating if you have the right team that can provide you comfort with before-and-after's of other projects they've done, plus accurate $s surrounding those projects.