Obviously the higher the credit the better.As to the default issue, you'll want to think like a (smart) bank with respect to underwriting.

I also switched her Amazon account (which we share, and can be shared by multiple devices) over to my credit card and I realize how many books she buys.

you guys have very good ideas/questions/suggestions. mark, my agent is very smart and put the clause in the contract that the tenants need to vacate the house by xx date or no closing. the listing agent even told her that the family might have a hard time getting them out of there.ibrahim, that's exactly what my wife said..."

I'm going to bump this thread because my question falls along the lines of the OP's question.Is acquiring property (using my own funds) and then owner-financing them to buyers for a short period of time (ie: 30-year amortization on the note with a 5 year balloon) so that they can later refinance with the bank a smart use of my money?

It's always smart to move away from the heard...

A smart realtor will realize you are not the end (ultimate) buyer because they will try to qualify you.

Buying smart (cheap) is crucial to any strategy but with rehabs you get a good idea of what it costs to do many different trades such as flooring, tile, paint, cabinets, and on and on.

Malcom X Or if you believe on the other side:"A system of licensing and registration is the perfect device to deny gun ownership to the bourgeoisie."

Needs cut and paste, and a better calendar synch mechanism (though that's partly a result of our internal calendar mechanism), but its an amazing device.

Remember when you made a big smart deal?