Make sure when you take credit apps that the money is non-refundable before payment.The possible tenants need to understand so they do not make a loud fight later on about returning the fee.

I don't expect to be successful in the real estate business without a fight.

You must make the seller feel like their properties is in capable and professional hands, that you are going to take care of this problem for them and quickly.

- What are they capable of paying?

Gain enough insight to know what they are capable of so you can use them to your utmost advantage, and in doing so you will also learn from them- that's what you pay them for as well.Make cheat sheets if you have to.

People fighting on the streets (if that's what she gets around to saying) seems unlikely.

Certainly folks are capable of learning, but trying to start in advanced math class before you know simple math can be a bit tough.While going to school to get a degree in finance will help with the academic side, it is not the business.

The only real issue that you may want to look into for your jurisdiction are your options if a seller breaks the contractual agreement with you and decides not to sell.I've had it happen a few times over the years, but as I've really come to find out -- if they don't want to sell, then it's usually not worth the headache, time, or money to fight it.

. - the person I mentioned in that Jan 23 post is still fighting with his insurer ...

You can discredit them in court.Typically these tenants get a pro bono attorney to try to file a bogus claim.The attorney hopes your insurance pays out instead of fighting it in court.The insurance then proceeds to raise your annual rates or drops you all together.You have to make sure to your insurance company and this attorney that you will vigorously defend yourself to the end before giving them one cent.Now if they have everything documented with date,pictures and went to see the doctor that day etc. then maybe there is a case.Most of the time these tenants are looking for a free lunch.