From all my landlord schooling I knew in my gut that wasn’t the right thing to do, so here we are.Any advice appreciated - thanks.

We’ve repeatedly asked the seller to provide the tenant’s rental payment history, but there has been no response.I asked my realtor how we can verify the payment history, but she didn’t directly answer and simply mentioned that I can either accept or deny the lease (it’s a month-to-month lease, which I’m fine with).Should I move forward with the sale?

Thank you for the history, Don. 

I know of a company that went through a broker like this and the broker connected them with someone That ended up having a pretty bad history and the borrower wired millions after paperwork was signed for “prepaid interest reserve” and now, while they got the judgment, the money was sent overseas and it’s most likely long gone.

If you have rental history on them, that will also help.

Digging into the history of the property will usually tell you that the name was recently changed to reflect that.

long story short, I will be starting grad school next year and will not be able to work while in school for the next three years.

Maybe in your school district, houses are selling for more because of a better school, or vice versa.

So, it’s important to do your research—check the developer’s reputation, consider proximity to jobs and schools, and look into any tax incentives.

They will look at the credit history, income, and other financial information to determine if the borrower is able to repay the loan.By following these steps, you can determine whether a property investment qualifies for a DSCR loan.