@Daniel Byrd, one less thing to worry about, find out everything about the tenant, all documentation should be available to you including the proformas, including tenants credit report and payment history, if they cant provide the docs, move on.

HELOC, Personal Loans, and Unsecured Line of Credit, depending on your credit and DTI.

In fact, given solid credit and a decent loan size you can even tap up to 50% of the appraised value to cover closing costs.   

His end goal is to refinance with a conventional loan but he wants to wait another 6 months after his credit score improves from his current 650 credit score to receive a better interest rate.

An investment agency offers to be an intermediary between a buyer, seller and a bank and to manage the entire process, including finding the best deal for the customer, obtaining the credit in customers name and managing the property once it is rented.

Tell them ahead of time the credit and income requirements.

Hi,A friend of mine who has no credit, but is otherwise very responsible, has requested me to buy a house for her family so she can rent from me. 

Forget about credit scores or credit history.

But I found two credit unions that were willing. 

I'll probably have around 200-300k in equity so Instead of paying down the credit card debt I've accumulated, I'm thinking about scooping up a property in Puerto Rico to pay it for me.