With lobbying by the National Association of Realtors, the FHA and VA began offering to guarantee loans to otherwise unbankable borrowers.  

In this court of law you are guilty until proven innocent; your loan application is unbankable until proven feasible.All in all - the project profile should still serve you well.

While that next, hopefully, high appreciating asset makes you unbankable for two years, I’m buying more properties.

Unless they are unbankable or unable to qualify for a bank. 

My banks don't yet do Zelle or whatnot, and my tenants probably would not either - when they're unbanked my bet is they aren't going to do electronic payments either.

PayNearMe for unbanked tenants works well.

For anyone renting property that meets the 2% rule (or 1.5% rule, and 1% rule in some areas) you will find qualified applicants and tenants who are the "unbanked" or "underbanked".

My observations are: there is no correlation between un-banked applicants with no credit history and tenant performance, no/low credit history means they are not in default, any age group can have low/no credit history, if you rely on credit scores only then you eliminate some good tenant candidates. 

An unbanked tenant can just get a low cost money order or check and drop it in the mail.

My unique value proposition is helping the unbankable get funding.