The advantage, however, lies in the flexibility—no income verification, minimal red tape, and more lenient underwriting.

Some verification steps are taken.

If an individual is lied to to get them to enter a contract it is a crime.

It also makes Renter's insurance verification a breeze.I decided to try their premium features as with 29 units the yearly flat fee seem to justify the faster deposits, faster syndication, faster CS support.

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

Due to my background in consumer lending, I am highly skeptical of paystubs and other address verification due to the widely available websites that are out there to generate forms relatively easily... so I like to verify the information by contacting the listed employer using their listed number on Google to avoid possibly calling a friend etc. 

I could work backwards if I had to to add up all of the depreciation I claimed over the years and subtract that from my original basis, but I don't know what the original basis was. 

Were they verified by a 3rd party track record verification company?

These loans typically don't require the same strict income verification as conventional loans, and they focus more on your assets and property income.

You’ll need to provide documentation such as income verification, credit history, and possibly a property appraisal.