You are the one who would get hit with nonpayment credit problems as the lender forecloses on the asset.

I am improving my credit, but of course, it will take time.

They pay for their own tenant screening and that is going to tell us credit, criminal and sexual harassment. 

Most rates you see quoted online are for home buyers with excellent credit, putting 20% down on a single family home to live in for themselves. 

@Anthony J Robinson  Hard money loan if you're looking to flip it, or a local bank / credit union (portfolio lender) if you're looking to keep as a rental. 

They would fund 100% of the acquisition and improvement costs with a line of credit on investment properties that are paid off.

Generally, with a 640+ credit score and 5-7% down payment, you can secure a conventional home loan no problem

At the time, my credit was good but not great and that's what I was offered. 

Here are the Required LTV's:Primary Homes:-1-4 Units-620 FICO Minimum (660 High Balance)-95% LTV 1 Unit-85% LTV 2 Unit-75% LTV 3-4 Unit- Minimum 680 Credit scoreSecond Homes -1 Unit - 90% LTV -700 FICO Minimum Investment Properties:-1 Unit - 85% LTV Purchase Only (75% LTV Limited Cash Out)- 720 FICO Minimum

Spreadsheet template:TOP HALF OF PAGE:Addresses of comps - price - date - bed/bath - special feature(s) of house - conditionProperties listed here with dataMedian / Mean / Lowest / Highest chartCommentaryBOTTOM HALF OF PAGE:Left side, improvements since purchase bullet points.Right side, details about how/why you got the property for less than fair market value, again bullet points.