Finding tenants via facebook, craigslist, word of mouth, etc.. doing a phone screen, running background checks, etc.. takes A LOT of my time.

A link to FilePlace is at the bottom of every page, so it is easy to find.If you have technical issues, send an email to [email protected] and someone will help you.

People you hear about just going for it either have help in the background or have a high risk tolerance for failure (unlimited capital).

For some background info I just closed on my first home using a VA loan .

(Technically, you can't have two FHA mortgages out at the same time, but there are guidelines that can allow you to do so as someone else mentioned in this post.)

Technically in 2 years they will be selling the house to you, so it's not a HELOC or a cash out refi or anything else, it's a purchase where they are selling you the house for the price they paid 2 years ago and you need to finance it at at least that amount.

Given your background and interest in foreclosure and pre-foreclosure purchases, here are some pieces of advice to help you succeed in this niche market.

The criminal background check came up clear but I found out that the male tenant had case against him that caused him to loose his job at the school due to inappropriate behavior.

Has anyone had any experience with Beyond Backgrounds?

I think it really depends on the neighborhoods, but in Cleveland, I've seen cash tenants with great background checks and 700 credit completely trash units and were some of the worst tenants imaginable, so I think it really depends on the area.