@Anthony Mitchell  please take no offense however if your asking this question on this website you probably need to have much more experience .

You could always go on the offensive and let him know that unless he settles for what you very fairly offered him for his work and time that you'll do a PSA at every investors meeting you attend over the next few months to share the experience you had with him and to warn them and anyone they know against ever hiring him for any plumbing work.

So a non-violent and non-sex-offense felony that happened long ago so that at least five years time has passed since release could be forgiven; but only if no other arrests happened.

No offense, but $20k or $12k may be enough to get you started, but is highly unlikely to allow you to become financially independent in 5 years.

I completely understand and took no offense.  

Offense - Felony - MisdemeanorCrimes Against a Person or Property - 10 years - 3 yearsDrug Related Offenses - 10 years - 3 yearsTheft By Check Related Offenses - 10 years-  ApprovedWorthless Check and/or Bogus Check Related Offenses - 10 years - ApprovedSex Related Offenses and Terrorism Related Offenses - Declined regardless of timeProstitution Related Offenses - 10 years - 3 yearsWeapons Related Offense - 10 years - ApprovedCruelty To Animals Related Offenses - 10 years - 3 yearsAny Other Felony Offense Felony offenses that do not fall within categories above, (ex:traffic,DUI) 10 year time frame; 5 years for felony DUIDeferred Adjudication and/or Adjudication Withheld - Off probation/parole for 5 yearsPending Cases and/or Arrest Warrants - ApprovedActive Status on Probation and Parole - Off probation/parole for 5 yearsPre-Trial Intervention/Diversion - ApprovedPETS - In terms of pets they have a list of restricted animals.INSURANCE - Finally, they require a renters liability insurance coverage of minimum 100K with the rental property identified as "Property of Interest" on the policy.Anyways, I picked up a few useful tidbids going through it. 

Apparently he just got sentenced to 10-12 years at the State Penn for 4 or 5 offenses .

The real problem is there are alot of good deals out there and not alot of places to get money to buy them from.I can tell you from my limited experience realtors have tons of people wanting to see forclosures, who are not cash or pre-approved buyers. 99% of the time it is just a waste of their time and gas, no offense intended.Can you scrounge up cash by selling something or from savings etc, or have money available through family or friends?

No investors shouldn't just be a transaction or a number but have to be quantified for the time and return invested.My clients do not take offense to the analysis and respect the fact that I value my time as a broker and investor myself for the return I am seeking.

Naveen, no offense, but you sound very new at this.