If income is sketchy, infrequent, inconsistent, unseasoned, or uncertain then the bank is required to exclude it when considering your ability to repay. 

A few pieces of advice.1..Get a .com address if you can.2..Understand that unless you want to spend money on SEO (Search Engine Optimization) and advertising (Google Ad words etc.) you are probably not going to dominate, at least not initially.

On top of the actual raw score that info can help evaluate a tenants credit and ability/willingness to pay bills as well.

Your credit score will have an effect on your ability to borrow, regardless of whether or not you own the property with 100% equity.  

All,The umbrella policy was referring to my own, existing homeowner's umbrella policy, which had the ability to cover additional properties (liability only).

So, specifically, I will need to qualify for a traditional loan and close with the seller and then immediately close with my buyer.My concern is that I cannot currently qualify for traditional financing so that pretty much leaves it up to my ability to get private money to complete the close or limit myself to only assigning lease options.

You don't have Dodd-Frank issues in commercial but you can have basically the same areas of concerns with predatory lending/dealing, ability to pay, short fused balloons, management or experience is more of an issue for a borrower, level of sophistication is higher.

@Jason Wiles The ability to replace homes is the first thing I check.

I will not call someone with the ability to raise millions of dollars let alone a bank account with millions of dollars a blind idiot.

Getting the wrong type of money (HML) for a rental property can be your worst mistake especially if your ability to refi is not an option.