Yes, even if the OF deal isn't on your credit, it would reflect on your bank statements and your tax returns.Biggest tip - get the property appraised so you don't overpay.  

I could go on with excuses about working full-time and going to school full time, but the bottom line is I didn't make the cut so I switched majors.

So going with your plan you have two years to get credit.

Before having any tenants sign a new lease with you, make sure to complete your standard tenant screening and run background checks, credit reports, etc. on the tenants.

As for my experience, having a 800 credit score really helped me in being approved by a 2nd Mortgage.

Our lender also informed us that the biggest issue that raised the red flag and qualified the property to be in Below Average Condition is the detached garage which needs major repair.Our dilemma:Our lender gave us the option to buy the property all cash and refinance instead of it being considered a purchase.

In my opinion these are some of the major benefits to buying in Charlotte, NC over NYC metro:1) NC is an landlord friendly state.  

The major problem being that it's still so very disconnected from the rest of the city.

That was a major choice for me looking into the Saratoga county as the taxes can be lower.

There is one way of lowering your NJ property taxes, if you were in the military like myself, NJ provides a tax credit.