I haven’t personally had a bad experience yet, but I know it’s definitely something that can happen in private money lending.

I’ve personally found that specialized property perks can create stable, long-term renters.

BUT.... but, but, but, also how a person manages will impact this.

I know one person that did this recently and was able to negotiate no money down and 12% over 5 years but this was probably in the mid west.

Use services that can validate the authenticity of documents and employment history.Require Detailed Applications: Ensure that the rental application captures comprehensive information, making it harder for fraudulent applicants to provide fake details.Conduct In-Person Interviews: Meeting applicants in person can provide additional insights into the authenticity of their application and allows you to ask follow-up questions based on the details they've provided.Utilize Professional Screening Services: Professional tenant screening services are invaluable for conducting background checks, credit checks, and criminal history checks.

Love getting the person that has zero debt to start the game.

Please share any helpful resources, your personal experiences, and what you have found to be valuable with every transaction.

I would personally use some of that equity and get started with your first property.

If you would like to connect, please check out my profile for contact info, and let's setup a time to have a cup of coffee, either in person or virtually!

This reminds me of a police officer  pulling somebody over without reasonable cause and asking to search their vehicle and if the person does not consent, they’re saying you must have something to hide.