We had someone submit an application with a fake Visa and fake letter of employment that obviously looked real.

Quote from @Pat Arneson: Quote from @Mitch Messer:Quote from @Pat Arneson:I've read a few old posts regarding this topic and have those documents in order, but I still have the following questions regarding a private loan (from family) --Loan Documents for Purchase -1.

Maybe read his blogs about it.

From real-world, not theory or something we heard or read, but from DOING. 

I read the pinned comment so “Hi” @Scott Trench

Reading this helps me see things more clearly. 

Hi There very excited to be part of this community, This is Williams Herrera a IT Engineer looking for the financial freedom, hungry to learn how to become a REI, I have saved 40k for my first deal but before that I would like to learn the most to minimize the risks and be able to get my first big deal.If you read this post please, share with me some advices and tips to get immersed in this RE world. 

Am I reading Option 1 right, if you don't make the repairs for the MH, then you'll have to lower the rent to the current tenant?

Read books like Set for Life by @Scott Trench and Start with Strategy by @Dave Meyer to get the mindset of starting on the table before going too deep into an asset class or something like flipping.

While I read reviews, I typically use it to remove those that I would not invest in, meaning does the sponsor have a bad reputation.