I set up my second one today in under 20 minutes.

But, if you factor in keeping the security deposit for trashing the property (common with careless don't pay rent tenants) and you can fill the unit in under 30 days.

So at a minimum, savvy investors want to buy at 90% of MV, and most strive to buy much cheaper than that.That said, $30k+ for a rental rehab sounds very high, so hopefully you're over-estimating and your investor can in fact come in under MV.

The timelines in the post sounds like it was all over in under 1 year.

He is fine with background check, just not credit.He can't wait to move because he is relocating here for a new job, has offer letter and everything for me to verify.What are your thoughts on this, would you allow a tenant to move in under these circumstances?

So much bad information that we "Real" investors get inundated with CRAPPY deals and CRAPPY Leads, or worse, we get on an e-mail chain where someone sends us back our own property but marked up like 15-20k.

Clearly the tenants are all talking to each other and their favorite subject is "Screw the Landlord 101".Clean the units up as each move out and put some lipstick on the curb appeal to attract a new round of tenants who all come in under the new rules/new lease.

I only have about $5k at risk right now so it isn't a big deal, but it certainly IS the city's fault that they can't staff their department adequately to process permits in under 3 months.

I'm surprised more people haven't inundated you with offers to "be your best friend" by now.I don't know what conflicts of interest you might have with your employer(s) so I'll leave that for you to address/navigate.You are essentially one of the best poised 'cat seat' folks as a field rep.

Ideally it seems it would be great to find investors looking for buy/hold property and working a deal to use their money to build, in exchange for them getting in under market ... or just doing a Joint Venture.