I've requested a ledger from the owner to verify the tenant's payment history, but I'm aware that documents and screenshots can be falsified.

To get 'over' 80% LTV they had to verify 6 most PITI reserves (as opposed to 3 months). 

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

I am currently reviewing the numbers associated with a wraparound mortgage and I need some assistance in determining if they make sense.Can anyone please direct me to the appropriate person who would be able to help me analyze and verify these figures?

I find it beneficial to communicate my screening criteria to potential clients before they arrange a viewing or submit an application.It is useful to directly verify information with employers and landlords.Make sure to follow both your state regulations and the Fair Housing Act.

Landlord tenant law has its own version of ambulance chasers that would love nothing more than to make a few bucks off of a landlord that tried to read further into a tenants life than just criminal history, verifiable income, credit score, and rental history.Logically, we would all like to be able to make decisions based on personality differences, family size, possible income drops, or whatever gut feeling we have.

I would recommend getting some trustworthy eyeballs on the property to verify that the issues coming up are valid and the costs are in line.

Verifying last 2 years of rental history very important!

Be sure to call the planning department of where the property is located to verify the STR process and procedure.

Working on the rest.We rank them by Class A, B, C & D.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, we recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Here’s our OPINION for the Metro Detroit market (always verify each area for yourself!)