And you have to accept a copy of their credit report, which means you have to learn how to identify fraudulent credit reports because I guarantee they are out there: https://pdf.wondershare.com/te...I pay $16 for my screening service, but it's through my PM software.

If he places a lien on the property and it’s fraudulent it won’t be good for him.

Either way, I believe it is all a gamble if the redevelopment plan comes to fruition or not.  

As my GC says: "if it's stood straight and true for the last 100 years, it'll probably make it at least another 25".Don't get me wrong; there are plenty of issues/problems/quirks that old houses have that new houses don't, and an old house can obviously have hidden problems and big repair/maintenance bills too--which is why thorough due diligence is fundamental to REI...but, the point is: a new house is not a foolproof solution to repairs/maintenance headaches (and in some cases, a brand new house can be a much bigger gamble than an older house).Good luck out there!

Suvir if you have a million and want to drop 40k on a PIG property then it's a gamble you might want to take.If you have 60k total and 40k is going into this property from overseas in a rougher area you could end up taking a loss.I have never heard of C tenants being less of a headache than A tenants.

It may very well come up in the next few years, but it seems like a gamble at the moment.  

Evicting a guest at this point could only be done through a formal eviction process via the lengthy court process.You might be wondering: Why did it take you so long to figure out the credit card was fraudulent?

Investing in Real Estate is always a gamble and it's best to limit your risk by renting where you live instead of taking on too much risk too soon.

You could easily lose $50-$100k GAMBLING on a future price drop.

(I assume its the one in Colorado)If you get a chance, visit Fairplay and some of the other old mining/gambling locations.