Because, the lender is entitled to know what risk they are taking with their money.That being said, on seller financing, if someone gets sued and loses, the lien/judgement can be filed at the county, (it's not automatic, someone has to prepare and send the paperwork) which the bureaus will pick it up on producing a credit report.

They list seven tenant archetypes they'll never rent to, ("Entitled Tim," "Larry the Lawyer," "Dirty Dan," etc.) and I was curious about a situation in which one of these applications actually appeared to be the best on paper.

I'm more your speed type of investor..

God speed friend!

Our online court records in CT are now automatically dropping tenants' evictions fro the record after 3 yrs, or even less. 

So talking with your Realtor on scenarios that truly are likely may help you speed up your search and offer process, and help you find a great spot.

We also have programs that can close in 3 days or less if you need speed.

As an agent who has worked almost exclusively with investors for years, I almost automatically take the approach of saying “no” first.

Is there any sort of requirements for the student to be accepted into the program or does the 8K make you automatically accepted? 

I'm obviously biased, but I think working with a broker will speed up your learning curve.If the broker you work with isn't transparent on everything they do with you (not for you), I recommend finding another broker.