The prospective tenant says his credit is not good due to a divorce and would like to show it to me using credit karma rather then me doing a hard inquiry.. he also asked instead of doing 1st last and security to just doing 1st and last.

Now, we are definitely going to get a real estate attorney's help, but I wanted to prepare ahead and think of all possible scenarios to be included in the agreement so we can have a productive and comprehensive discussion. 

So of the tenant makes 150,000 and has 750 credit score you don’t have to take a tenant making 50,000 and has a 590 score.Basically the easiest way to do it is Exiting tenant (tenant one) pays the rent until the entering tenant (tenant two) has a move in date.

Lots of time spent showing properties for rent, processing applications- running credit checks and verifying employment, We are not on call 24/7, but if ther is an emergency, the tenants have a number to call which is our local plumbing and water remediation Company. 

2) You mentioned the property is old ... could it be eligible for historic tax credits?

Do not expect to get bank and credit union favorable rates and terms, it will not happen with Hard Money loans.I wish you the best and if you have any questions or concerns just contact me.  

We are using a HELOC for the purchase and I am skulking around for decent 0% interest credit cards that still have rewards. 

I have strong personal credit but right now our cash is not adequate to use a large down payment to try and possibly offset lack of credit within an LLC or corporation.

Also, the marketplace isn't just designed for people that have lots of product to move or are doing this for a living.

Is it better to use quality products or take the cheapest option to increase margins?