Additionally, there are some good websites where you can pay for credit checks and/or criminal background checks.

Have you tried to obtain an unsecured line of credit with your new business in addition to your loan? 

A couple months ago I was looking at a triplex that came up for sale in a close suburb,   long story short despite suffering from long term poor management, needing substantial exterior repairs, and having damage and 2 vacant and gutted units left over from tenants-from-hell it ended up selling to somebody else for 30% over asking,  needing another 20% of the asking price (at least) in repairs.  

There are also line of credit type options that may work for you. 

Or can I just state that their credit score falls well below my minimum threshold?

First of all when we opened up a lot of walls we noticed there was a lot of water damage and we had to replace a lot of rotten wood along with all new insulation on exterior walls and a lot more sheet rock then we anticipated.

While the interest rate tightening does virtually nothing to the mortgage rates, it makes everything else; cars, credit cards, installment debt, more expensive and again, hurts already fragile debt ratios.Hope this gives you some food for thought.Stephanie

I assessed the damage and texted the ex-Tenant that from his $1600 deposit I was only returning $200.

I assessed the damage and texted the ex-Tenant that from his $1600 deposit I was only returning $200.

I'll be happy to send you my late policy and application approval & move-in process letter by email if you send me you email address though  you'll probably want something else if you are buying in nicer neighborhoods and renting to tenants with high income & decent credit.