Feel free to reach out to me or send me an email I can walk you through the basics and go over what is required and what to avoid.

Once you have a deal they will guide you through the process and even help you attain the funding with out coming out of pocket or using your personal credit.

I suggest listening to the BP podcasts and reading through the blogs and books they offer.

If you hire someone typically they are the ones providing this information, but if someone is paying you, then yes they need this information for tax purposes.BTW - I would say your SS# has been hacked so many times and is on the black market already this is why we monitor ours through other parties or just lock it down at experian and other agencies if you are concerned about it.

One thing that I would like to add to this list is making an investment without having enough extra money to get through the medium times as well as the bad times.

This deal came through Partner Driven's local network in Windsor, NC.

There are also 'mezz' lenders (typically for larger transactions) who will cover up to 90% CLTV and require you to bring the remaining equity to the deal, and additionally there is Gap Funding in the form of unsecured personal debt.The latter can potentially be the most expensive option, but allows for true 100% financing as there are no restrictions for how to use these funds, as they are unsecured, and generally obtained through personal credit, income etc (since there is no collateral for obtaining these funds).

Include a buyout clause allowing you to transition to sole ownership after two years, based on a pre-determined valuation formula or market value.Use an LLC to hold the property for liability protection and pass-through taxation, ensuring both partners benefit from depreciation to offset rental income.

Quote from @Beth Johnson: We pass all loan servicing charges through to the borrower including set-up fee, monthly fees, and any servicing charges such as payoff demand generation, and loan close out fees. 

RentRedi is perfect for applications and background checks (you can also set clear lease terms and automate rent collection through RentRedi).