Verifying income is a method of determining whether they have the funds to pay rent.3.

Historically real estate and markets are nearly identical over a long period of time. 

He claims they are verifiable online and that I should be comfortable doing business over the phone and internet.

There has been a lot of tenant fraud since COVID, with people committing identity theft and falsifying documentation. 

So if I were in your shoes I would want to be really confident in the exit strategy. 1) confirm rent estimates 2) confirm ARV and the demand in that area to buy a house like that in the price range 3) are there banks willing to refinance at the LTV you want with the seasoning period you have. 40k for a house of that size that needs that work would be the cost of materials alone where we live in WI, so verify your estimates.

Howdy @Jeff StevensonWhile I don't have experience yet with that specific strategy and do not know anything about your business organization, I also am just starting out and this is very similar but not exactly identical to advice I recently received from a qualified professional.Other things to consider,1.

Do you verify their income?

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

I have verified with USPS that each triplex address is in their database and that there are no issues with the location and height that I would install it at.

If it doesn't, the company seems to be identical to Reallyo.com.