To answer your question directly: a person should apply (whatever that means in your process) before being asked to screen.

They actually have a licensed person in California.

If you give someone over 19% membership interest in the deal, the bank will usually require a personal guarantee from that individual. 

@Leslie L Meneus, while the forums can be pretty good, in-person networking and sharing ideas is much more valuable.  

What types of IRS/CPA approved payments are working well for rents to LLC entities to keep personal and business funds from co-mingling? 

Quote from @Allen Berrebbi: Quote from @Dominic Mazzarella: I have personally owned and managed a multifamily property in Illinois and after selling it I said I would never invest in that state again.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

Personal raise How did you add value to the deal?

Market timing, properly acquired property, personal capital available How did you find this deal and how did you negotiate it?

I don't personally care about checks anymore so that wasn't an important feature for me.