It's best to assume your investors will eventually need to levy someone's bank account, so having this information before a lease up will expedite the collections process.Also, this may sound like common sense, but be sure to get a signature authorizing the credit pull and investigation.

Around here that is often a six to eight week wait since these inspectors are also doing yearly inspections on approved rentals.Call your local Housing Authority and ask about the inspection schedule.Gail

Was your father your authorized agent or did he just happen to answer the phone?

Pay particular attention to how much of a deposit you need to provide, to be authorized to bid.Look into the fee structure they site charges and if it is above and beyond your bid price, or included.Download their "sample contract" and go over it...Then...

http://www.biggerpockets.com/flippingbookDisclosure:  I'm the author, but I'm fairly certain you'll find it the best place to start...  :-)

Again I am no authority but those are my 2 cents.

You strike me as a budding author. 

He was a broker licensed in over 20 states, owned an Auction company, co-authored a real estate branding book, and operated a successful general contracting business.

Business Week Jan 10, 2007. http://quotemaster.org/author/David+LereahTo answer the question 'What [is NAR] trying to achieve?'

Where I have my properties, the municipalities give you the option to fill out a pre-authorized debit form, and they will take it out of my bank account every time, like a mortgage payment.