Quote from @Gideon Mukoro: Landlords, property managers, and tenant screeners—how often do you encounter fraudulent income documents (bank statements, paystubs, etc.)?

I’m new to real estate investing and am in the process of trying to acquire my first property.  

The land that this property was built on was approved based upon the capability of the land to support the septic needs of a specified-sized property. 

My understanding is that typically, a homeowner must live in the property for at least a year before converting it to a rental.

You bought a property.

Responses stating even a mediocre rental property deal will outperform REIT's is way off.

You look for comparable sales for other distressed properties that are similar and nearby and also counter that with finished version comps so you can see what your perceived spread could be.

You then get the property rented Mar 1.

The tenant supposedly had complained for months to the property manager that the furnace was not working.

Nevertheless, if the RAD investors  actually had loans  collateralized against property they would be in a much better position.