I ended up spending $500/month on a personal assistant that takes care of all this kind of stuff for me and both my sanity and my tenants have been much happier for it. 

Bottom line, no matter what you do, I would never keep someone without some form of a deposit and some form of a written lease. 

If the buyer has proof of completing multiple projects and their real estate agent has a documented business history they are probably not wasting their time playing a game about a POF as failing to perform is just a waste of everyone's time (may have legal fees incurred as well).If it's an unknown newly formed LLC, an offer with minimal cash to escrow, with a shady attorney and realtor, I'd then be taking a hard look at proof of funds.

Yes, there is an argument made that they have to disclose anything material, but that is subjective.With that said, a red flag that came up recently for me when investing out of state was when I was in escrow on a property that was purchased just a few months prior.

Reverse trolling- that's a new phrase for me, but I like it.

For me, a turnover costs around $2,000.

Then two, it's the versatility of the city to flex different routes for managing the real estate was the better option(for me). 

This seems better for me as the loan is really just part of the payment and not another personal loan. 

Asking in the correct forum will get a better response.Need a spreadsheet or form?

I have tried those and never end up working for me.