The real estate investing industry uses "Classes" to rank property performance risk, but there's NO agreed upon industry model:(Here's what we use for our Metro Detroit market:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

If the property requires rehab, the Realtor and/ or Mortgage Broker will suggest applying, for a FHA 203k Loan.

The husband told us to apply through Zillow, so we filled out the application on the platform.Before completing the application, we spoke to the wife over the phone to clarify some questions.

Does the $45 discount apply for next renewal?

If so she can/should apply for a SSN.

The only flaw I had was I purchased the property out right, where I should of applied for a mortage.

It is what it is - if anything you lose a little and learn some lessons going forward to apply to your real estate investing career. 

People are buying stolen identities off facebook groups and using that info to apply as someone who has good credit and making fake paystubs.

Basically they'll come up with reasons as to why the "guarantee" doesn't apply to your situation. 

I can think of one instance where this was applied.