I haven’t  actually run his background or credit yet but according to him everything else will check out well.

Yes and no.There is a new investor loan that is available for 30% down, 620 credit score and you must own a primary residence.When you use private or hard money, there are no such requirements.

The free service, for landlords with two or less properties, tracks expenses, profit/loss, etc. of your rental properties ($50 fee if greater than two) but it requires linking accounts in order to automatically track and categorize expenses for you.I’m always uneasy when a website requires linking bank accounts.

I've looked at hard money no doc loans. but 1.) seems a shame to go that route when I have so much equity and credit score of 830 and 2.) it's EXPENSIVE and leaves little room for profit.  

Because it will be difficult to attract accredited investors without a track record.

Won't your credit be worthless in a way since you technically do not own any of these properties?

I should add that we have about $25k in personal debt to family for a car and another $5k on an interest free (18 months) credit card to pay for my wife's schooling.

My 1% member has great credit, but low income relative to the asset.2.

You can use Cozy or your state LL association for background checks, credit reports, and docs. including leases.

@Nicole Obregon It's more or less a catch 22 where the track record attract money and to get a track record you need to have a starting capital.