thank you for the detailed answer!

I would recommend flying out there, getting to know the area on a detailed level  and talking to local investors (someone not trying to sell you anything).

The rates are higher and points +++ plus prepay for a commercial loan or hard money loan.Loans closed in America are reported and stats are available as to who closed, how many, loan officer, dollar amount, loan type, location and more detail.

Once approved, your business can promptly begin running soft credit pulls on clients.For more detailed information, you can refer to Soft Pull Solutions' guide on setting up business credit report access.

I really appreciated his response, and took detailed notes.

My realtor found the city building inspection report which details that the unit needs to be de converted as it cannot be brought up to code.

@William Kwong Great details you provided here, as I was able to take alot from this as I decide on some renovations on a 3 family here in JC.

Here's a detailed guide on how to screen applicants: Application Screening Guide

It blows quickbooks out of the water with ease of use and I can do the class tracking that the basic $20 a month quickbooks was lacking.There's a phone app also, I just added it to my phone, so I'm not sure how much I will use it yet other than for reference as opposed to opening the website for details. 

For example we largely scaled our portfolio with conventional loans, but when considering our overall application for a new conventional loan we don't get flooded with details on the other properties because it's incorporated into a business entity.