I want to know what you other investors are doing to “tenant proof” your units.

I recently did a refinance personally, and bullet pointed out all the ways in which the listing agent did a horrible job of marketing the property, caved on price during negotiations, etc, among other things, to make the appraiser more comfy with an opinion of value significantly higher than I purchased the property for.

@Brook Rieman - That's bummer that the first deal didn't go through... but talk about a dodged bullet.

They are fully documented and fully legal.I don't know if a credit/criminal would show anything but you should definitely require proof of their ITIN to verify identity and their legal status.

Part of the court process to stop the demolition you had to provide proof of resources to bring the property in compliance and have a plan filed with the court including a hard end date on the work. 

Does anyone remember the crash of 2008 or is your head so far up your a** with Re that your rose colored glasses cannot see.

@Ben Miculob Like previously mentioned in most cities in the State of Texas, all a general contractor has to do to pull permits is register with the city, which may include providing proof of insurance, possibly references, and in some cases authorizing a background check.

"Proof of Funds w/ Cash offer or PreApproval Letter from Lender based on satisfactory credit, Income & Assets) Contact Listing Agt for Appt.

This means the initial interview is perhaps your most important interview in this audit.You need to get your proof of material participation time in good order and technically correct before your first audit interview.You should have a record of the time you spent on this activity.Your record of time spent should be made on a timely basis (kept at least weekly).As you do for the mileage record on your vehicle, you can keep a test record for three months in a row if that record reflects the average time spent during the year.In the initial interview, the IRS is going to scrutinize your travel time to ensure that the primary purpose of your travel is business.

FYI it's generally going to have to be "dumb person and toddler" proof to close on the purchase ("dump person and toddler" proof is an easy rule of thumb for when an appraiser is required to call something out as a "health and safety" hazard), assuming you are getting a normal mortgage.