When meeting for the holding deposit the prospective tenant was 40 min late due to work and not being able to find place to get a money order.

But ensure it is legit, if you are audited, and you didn't rightfully take the position, it's not just the tax - you'll be hit with late payment penalties, substantial underpayment penalties, interest, and potentially fraud related penalties if it can be determined that you knew you didn't meet the qualifications but claimed it anyways. 

The tenants began bouncing checks, payed rent late sometimes up to 20 days late.

But in late 2019, I set a bold goal: close my first deal in 2020.

Most advice I've heard is just to approach them after the sale, which in my mind is too late.  

I've been trying find topics here on BP for the SBC, sadly nothing posted lately in the last year. 

Hi fellow investors,I’ve been hearing a lot about DSCR (Debt Service Coverage Ratio) loans lately, especially in the context of long-term buy-and-hold investments. 

Currently I'm pretty flexible on time most any afternoon or evening.

I got my real estate license in my late 20's, kept updated on continuing education, but only activated the license after all my kids started school. 

I have some auto-denials in the "review phase" based on landlord reference such as numerous late pays on rent, numerous documented lease violations, and move-out damages exceeded collected deposit... but still have yet to enter the "landlord reference/review phase" of my screening process due to the details on their CBR's as noted above.