So, we obtain a full credit report and review collections, chargeoffs, age of credit accounts, active accounts, etc. to build an overall credit evaluation.FICO ScorePct of PopulationDefault Probability800 or more13.00%1.00%750-79927.00%1.00%700-74918.00%4.40%650-69915.00%8.90%600-64912.00%15.80%550-5998.00%22.50%500-5495.00%28.40%Less than 4992.00%41.00%Source: Fair Isaac CompanyWe also obtain data from national databases about evictions, convictions, and sex-offender histories.

Money was deposited into my account the day after checkout.

We constantly get the comments that it is much better than it looks which I prefer.So here are some links to read up on the topic @Mark Mileshttps://www.zillow.com/learn/how-to-make-a-virtual-tour-for-...You can go over to - https://matterport.com/ and create a free account.

Look forward to the discussion.https://www.biggerpockets.com/forums/51/topics/1222774-expla...https://www.biggerpockets.com/forums/51/topics/792277-how-to-test-your-cpas-technical-competencehttps://www.biggerpockets.com/forums/51/topics/795929-questions-to-ask-a-potential-accountant

Keep in mind this is a self-directed account and most are not.  

How does an escrow account benefit the senior? 

Gita,At least the way I prefer to do things is to only run accrual based accounting activity on my day to day operations.

He will benefit 50% from cash flow(if any), mortgage paydown and appreciation without all the exposure.I would like to hear from investors who have their kids involved, accountants, CPAs, attorneys, realtors and all. 

Does the cost per sqft account for electric and plumbing? 

The contractors who do work for me have zero issues with me sourcing the material if disclosed up front and not holding them accountable for any material issues.