I have heard from many, that areas with large/medium Universities can be promising.

Fake name.

We could have had in done in August but our handyman kept making promises that he could not keep.  

You can do that, I promise!

For instance if a person comes to you promising the rate of return you desire you may invest without doing due diligence.  

Can I simply state: "Please lend me $70k on this home that is appraised for $100k, and I promise to pay you back 5% per year."

Hi @Jeff Kennedy the only concern with allowing the tenant to provide you the credit report themselves is that they could easily create a fake report.  

Here is a part of the letter, I sent to the seller:The home inspection was completed on September 29th (please see attached) and the following issues were pointed out: 1.The wooden floor frame in the middle unit is deteriorating due to either prior water leak in the bathroom or due to moisture infiltration through the walls and foundation.2.There is evidence of significant settlement under the middle unit bathroom and north closet.3.The settlement of the floor and walls has also resulted in settlement of the roof frame above this area, ceiling shows cracks.4.There is an obvious depression on the roof – water is ponding on the roof above the middle unit, which adds excessive weight on the roof and potential for leaks.5.Asbestos containing material has been found.6.The current bedroom heat installations in the north and south units pose a safety hazard from carbon monoxide, fire and oxygen depletion.7.An electrician performing upgrades did not use ‘arc fault breakers’ in the north and south unit breaker panels, which is required by the national electrical code.8.Upgrades to the electrical system, promised by a real estate agent, have not been completed yet.

I promise not to spam you or add you to any lists.

Well, I looked over the purchase agreement I signed and I couldn’t find any promise for back rent.