It makes a lot of sense.I am glad you mentioned waiting until I have a sizeable portfolio, as all this is putting the cart before the horse until I have some properties under my belt, haha.  

After we had a few years under our belt and successful track record  IE about 15 or so bought built sold with strong huds to prove profits..

Get some experience under your belt, learn from it, establish your network of people (ie agent, repair crew, PM, etc). 

@Filipe Pereira This is awesome to hear, as a 24 year old my self with a duplex under my belt, I aspire for my next deal to be a quad plex and bringing another cash flow stream.One question I do have, do you mind explaining how you financed the second deal, did the bank or where ever you loaned from give you difficulty because you already had a loan out?

@George Blower Thank you, George. 

Is there anyone out that that is still pretty new but has maybe 1 or 2 deals under his/ her belt that has some experience working with contractors/ agents/lenders, etc.

I'm no where near as experienced as some of the people on here, but I've got a handful under my belt.

I would try the owner finance rout with you putting money down.The reason I say this is I helped many people improve credit scores back when I was in residential years ago.It's not just about credit score anymore.A bank will see you starting a job in a new field after quitting school as high risk and not stable yet.Generally underwriters like to see 2 years in the same line of work for stability and to get an average for your income over time.They also do not like to use bonuses for debt ration versus income as that can swing wildly unlike a fixed amount.So for example if you are averaging 5,000 a month but 50% is bonus that is looked at more risky than 20% bonus and 80% salary.This is why I say even if you get the credit score up it will help but time on the job will be a big roadblock with conventional lenders.This is why with your cash I thought get a few owner finance deal sunder your belt purchasing correctly and then you can have assets and cash flow with built in equity.You can then use these properties as collateral with some lenders.As has been said they generally don't care who you are if the value is low enough going in.With credit it is simple you just challenge it on your report (check all 3) exquifax,experian,trans union and then they have up to 30 days generally to respond.If they don't respond with evidence it gets removed.Do not leave a written statement on the credit report if they won't take it off the first time as that does nothing for you.In fact it can actually hurt your chances of removal in the future.Also do not pay an old collection that is coming off in a few years.If you owe 1,000 and it has been in collections for 5 years and is slated to come off in 2 years then calling them up and even paying a dollar REFRESHES the collection and makes it new again.If you challenge it multiple times and cannot get it removed then you can try for "payment for deletion" where they wipe the negative account completely off the credit reports for settling the account.Make sure you get the agreement in writing or it's not worth anything.

The corp. is not especially profitable; it generally brings in enough cash to pay the property taxes, insurance, maintain the house, and buy equipment (snow blowers, etc.)

This kid now has some xp under his belt and $200k to play with.