The required verifiable income for the rental is $3600 per month. 

A few other things to consider:-If your plan is to mortgage the second property you should verify beforehand that the refinance on your current primary residence won't push your debt to Income ratio too high to get approval on the new mortgage. 

They didn't ask any questions to verify occupancy because they were keeping it as a primary (non-conforming) loan anyway. 

I'd definitely verify.

Have you talked to him about it to verify that he'll be interested or located in the area? 

I actually use a site that verifies all pets/service animals/emotional support animals ADA/ Fair Housing guidelines.

Verify you can qualify for a loan and what the ARV requirements, etc, are. 

Check your recorder of deeds site for info on properties.Also, verify proper notice was given to lien holdersother than 1st. if there are any if, not the sale can be declared voidby other lien holders if they can prove they were not notifiedof the sale.Set a max dollar amount on each bid and stick by it.

.-506 B offering = Investors we know-506 C offering = General solicitation to accredited investors only = More steps to disclose and more steps to verify accreditation status- Don’t need to be licensed, we file a “issuer exemption”, as long as the person on our team does more than just capital raising and their compensation isn’t based on how much they raise.

Deconstruct the finances and verify the rent amounts, income, expenses, and room for growth and then determine the maximum price you can pay and still make it worth it for you.