Though he has a stedy job for the last 6 years and a clean rental payment for the last 5 yrs, I feel its too risky to rent to this applicant.

I hope to get some great info in making significance progress in my income in the next 5 yrs. it is great to meet you all

I've been investing in the GTA for the past 6 yrs and own a large number of properties in the area.

Everyone around me says I am out of mind to ever consider renters when, as a cop for 14 yrs I do know the horrors of them.

Refinance in about 1 to 2 yrs and hold the property in our portfolio until it's paid off.

There are also newer (10 yrs old or newer) REO  land/home packages in need of minor rehab (floors, walls) that can be had for ~30k or less.

Good afternoonI am going to carry a note on an investment property.Its short term (3 or 5 yrs), high % (10-12), but rather small amount (9-10k).The guy puts down about 40 % of the selling price.Now to the question - whats the best way to check his credit?

I am just starting out again after 12 yrs of not having any rentals.  

It also allows you to put a bigger chunk in, if you have enough income, and it allows you to put it in to a Roth plan so the earnings are tax free forever once you have the plan for 5 yrs. 

It will be my primary residence for about 1-2 yrs until I buy the next one therefore I am analyzing it as a rental.