Is there any truth to her claim of saying she paid for a new furnance?

Look for the "truth in renting guide" online.

A quick cheat-sheet:RESPA (Real Estate Settlement Procedures Act) Only affects loans secured by 1-4 family residences, BUT you have to know the purpose.1-4 family residence loan for consumer purposes - covered by RESPA1-4 family residence loan for non-consumer purposes - not coveredTILA (Truth in Lending Act) (the good-old APR)Again you HAVE to know the purpose.

The truth of the matter is, I have no legal or IRS issues with this approach, which has been confirmed by several attorneys and CPAs.

Truthfully, you might want to consider what investment types your company allows.

One of my tenants who has been on time like clockwork with her rent for over two years recently had a payment lost in the mail - at least this is her story and I really think she's telling me the truth because of her payment history before and after this incident.The problem is that she pays every month with an AMSCOT money order, so she's out the $750, I don't have it, and she lives paycheck to paycheck and can't afford to make it up - at least not all at once.

Steven,You make great points and I've thought about it, but truth be told, I'm still a very inexperienced investor still trying to learn what I could do and ect.By savings, are you referring to just a regular SA (Savings Account) or CD's, or other types of savings with investment in funds or stocks?

If wholesaling is your initial strategy, I would suggest you dive into the wholesaling forum and read the posts in there, particularly "The Truth About Wholesaling"Many rookie mistakes are made with that strategy, so educate yourself and avoid such mistakes.

But the truth of the matter is that these borrowers own prime properties and are happy with under 50% LTV, and hence the lower rates/points.Amir

I feel very fortunate, truthfully, to have found this site and all the really great people always willing to help teach others.