Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

The cash flow portion of real estate is often related to risk and sweat equity, which is a different aspect of investment.

this deal seems like a lot of risk and I am interested to seeing how it turned out.The tenants were a few weeks away from the foreclosure auction.

Banks can shut down an equity line at a whim, so there is a strong risk there.

We normally do not seek judgement due to the expense that is involved, even after you win you have to continue to renew the judgement every year.We put them in collections and have it hit all three credit bureaus.

The real risk goes to the investor.

I've had a keen interest in investing for as long as I’ve been involved in real estate.

Got insurance involved and use that money to remodel the entire inside, and add a new roof.

For those who have applied and don't meet criteria, what is the best way to communicate that you aren't moving forward with them that does not risk violating any fair housing rules? 

I recommend reviewing your local laws to understand the requirements involved.