In my area they are very common and usually target SFHs.Something landlords should always keep in mind is that the purpose of screening is to find reasons to reject applicants, it requires detective work beyond simply reading a credit score.

It did prompt the new HUD rules.I anticipate the HUD rules being expanded to credit scoring, which can be impacted by statistically abnormal arrest rates in certain populations (affecting  job stability and credit management) and by mental illness or other disabilities that affect such life skills as timely bill payment.

And an incredibly process at that.

Credit score is 800.

I guess I would like the listing as I'm new to the field and this would be a good score.

Problem is, I don't think anything will come up on her background check or her credit score.

@Douglas Skipworth is an incredible resource for investing in Memphis and is more than willing to help.

Also, we have super high credit scores and should have no problem securing a loan.

So about  $1,650 a Month Multiply  $1,650 x .40% DTI =  $715Subtract from this a  $480 a month Mortgage payment  ( PITI )  +  $85 in Minimum Monthly Credit Card Payments (  one if  $40 minimum a month and the other one is $45 minimum monthly payment ) TOTAL =  $565  ( Monthly Debts The DTI Shows a MAX TOTAL you can Afford of  $715 a month $715 - $565 =  $150 So, the Minimum Payment on the 20 Year HELOC ( at a 7.15% Interest Rate , and Paying just Interest Only for the First 10 years  =  a Monthly Payment of right around  $120 $150  -  $120  =  $30 Left Over So this Shows that I should be able to get the HELOC , as I can Afford to make the Minimum Monthly Payment on the HELOC in the amount of  $115 a month I also Have a Good Enough Credit Score to have Qualified as well..... from what the Lender told me Is there anything I'm missing , that might stop me from qualifying from Getting this HELOC ?

This is incredibly hard task especially for my price range (under $160k).