Also, maybe by coincidence, but probably not, FINRA is the body that oversees the Registered Representative and Principal exams (Series 7, 24, 63,65)Given those facts two things jump out at me 1) any newly accredited investors will have a heavy finance, securities, trading background and will prove their knowledge through some sort of exam/certification/license that has nothing to do with being accredited, ie.

Do you have the tenants go through your rental application and require them to purchase the background check/credit check?

This fee will cover credit, background, and initial valuation reports (all of which will be shared with the borrower).

A bit of background information:Currently own a home with my fiance'The house was financed solely by me using a DPA Bond / Conventional loanThe idea:House hack a duplex, possibly a triplex, by purchasing the property via FHA loan with my fiance' as the sole applicant.

My background in real estate investing is pretty short; I actually halfway stumbled into being a landlord recently when I rented a house I bought a few years ago for personal use because I moved out of Mississippi for work and have not been back for over a year.

But it comes from the background of 1000s of transactions and years before I started working as a QI  when I got so fed up with the tax on a flip I did in 1996 ( www.the1031investor.com) that I learned about 1031s and started doing them myself personally. 

His background was acquisitions and purchasing large tapes of properties.

I am trying to run a background check on my first ever tenant.

I never trust prior landlord reference, if the credit, income, background checks out I accept.

Thank you for the welcome Dominic!