Credit score is pretty good... between 670 and 690 but my debt to income ratio is high.

Russell taught us his proven process of handling objections.5.Most salespeople are hunters, but the top performers are farmers.Hunters go out tracking down a sale.

There are basicly 3 divisions, or roles to fill here.1 - Managing Partner2 - Cash Partner3 - Credit Partner...and the cash and credit partners can be combined to become the Finance Partner.How it gets divided depends on the type of deal it is...and negotiations.Typically, we will split it up this way:Manager = 40%Credit = 40%Cash = 20%...if there isn't a credit partner (all cash deal), that 40% is split 20/20 between the other two...with the understanding that if a credit partner is needed, that 20/20 is given back to the credit partner.

You're on the right track as far as looking at the surrounding cities.

I prescreened them and they don't meet the min credit score, or income, they also have no rental history.

He has a very good job and great credit but is young and immature so I kind of just want him to go away BUT hate the hassle of having to show the place again (40+ min drive from my house each way), run background checks, etc.What would you do in a situation like this?

As they build their reputation and portfolio, they can often start charging higher rates/prices because of their track record.

(is past due rent/court ordered judgment treated the same as credit debt?) 

I was told by a friend ( who's NOT in RE) that it is necessary, ergo he referred me to Ray Reynolds "the godfather of credit"; however, I am skeptical about the whole business credit thing and putting down 10% for a desired line of credit with-in 60 days. 

Depends a lot on the deal, how much of your own cash you're still putting in, credit, reserves, etc.