As a property manager, it's crucial to understand the nuances of these fraudulent practices, recognize the signs, and implement strategies to mitigate risks effectively.Understanding Rental Application FraudRental application fraud occurs when a prospective tenant provides false information on their rental application in an attempt to secure a lease.

After researching the basics, I am looking forward to understanding the realistic steps in concluding a first deal.

Use this meeting to gather their perspective on the property and understand their goals before making any offers.Keep It Informal Initially: Avoid jumping straight into specifics about pricing or terms.

I would advise you to get pre approved from your lender and make them aware as it will help them understand you are serious!

Best to talk to her and understand your options.

So you're not worried about current income...totally understandable, wish I was in the same boat ;-)

Second, in terms of asset protection, LLCs are not invincible, but I think what many don’t understand is that they are not designed to completely shield your assets from liabilities, on the contrary they are designed to contain and isolate liabilities. 

I think most of horror stories came from people who do not understand how insurance system works.

I think real estate due to the amount of money you can make and how quickly you can make it attracts people who may not understand the idea of sustainability and being consistent in what you do. 

Once you know who in your circle has $ to invest, you then need to understand their risk to reward level so you know what deals fit their bucket.