To prevent those items I suggest lots of tenant screening questions (back-round check, credit check, eviction search and income verification) and an annual maintenance plan on your properties. 

Is there any other platform where can go to to solicit renters?

And then, once past that hurdle and because this would be a whole new level, what kind of bank do you go to to get $1M+ in financing?

Where as, if a broke investor started off with a 50K property and put only 5k worth of work into it and 60 days later its worth 125K. that is a excellent move. otherwise it will take a monthly cashflow focused investor forever to to stack up that amount of money vs my example 0f 60 days. 

They tend to be the only game in town.Conversely properties 3,4,5 million and up are in stronger suburban to to urban core markets where many different types of lenders compete against each other to loan on higher quality assets and better located properties. 

Hi @Kendrick Smith...Welcome to to BP & the investing game! 

I would be in the utility company asking who I needed to to get the info. 

Information contained in each application is verified by the use of credit reports, rental reports, employment verifications, criminal history reports, public records, and / or other means available.

And combine it with hard landlord analytics - like job history, credit scores, landlord verification, etc..Evictions are very expensive. 

There are lots of no income verification options out there to eliminate the debt ratio problem, but you'll need at least 25% down.As an aside, that's a lot of leverage.