What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

I always say trust but verify.

They provide real-time access to credit reports from major bureaus—Experian, TransUnion, and Equifax—without affecting the consumer's credit score.Setup Process:Application Submission: Complete a formal application through Soft Pull Solutions.Documentation: Provide necessary documents, such as proof of business operations and compliance with legal requirements.Website Review: Undergo a review of your business website to verify services and permissible purposes for pulling credit reports.Onsite Inspection: An inspection of your business premises may be conducted to ensure secure handling of credit information.This process ensures compliance with legal standards and typically takes a few days to complete.

But any improvements are at your risk.. the redeeming party just owes you your cash plus in our state 9% and any VERIFIABLE expenses you paid to protect the asset.

So my question is how can/should LPs verify the lip service GPs give on their experience and handling of this space? 

highlight_post=6803139&page=1#simplified-forums__discussion__replies-containerI have no reason to alert you of this danger other than honestly trying to help you avoid the trap that the rest of us fell into.FOR YOUR OWN SAKE, DO NOT BELIEVE ANYTHING MARCO OR NORADA TELLS YOU UNLESS YOU SEE IT IN WRITING AND HAVE IT VERIFIED BY YOUR LAWYER. all investments have a perfect pay record until they dont.. did you really think when you asked the question they would say..

. - yes, as long as you have made improvements and can verify the new ARV via comps, we can cash-out now.

But here is where your confusion is: I state, pretty clearly I think, that doing SubTos when you are underfunded is very, very foolish.Subject To – Why You Need Money To Buy Using "Subject To" (SubTo) - Safely, Legallyhttps://www.biggerpockets.com/forums/311/topics/1141313-subj...Using Subject To, to Get "Free" Properties - A Quick Guidelinehttps://www.biggerpockets.com/forums/311/topics/1060320-usin...SubTo - Before You Spend A Lot of Money on Subject To - Read This - Wisdom at Workhttps://www.biggerpockets.com/forums/50/topics/1141525-subto...Of course, I teach Subject To & Lease Options to people "One on One", to keep people out of trouble.

Don’t just take my word (or anyone else’s) at face value—verify for yourself! 

We always advise our investors on verifying with the lender or us reaching out to the tax assessor's office to get a good idea of what the taxes are.