I'm curious what he ended up doing, but I would definitely suggest checking out this episode of BiggerPockets Money that talked about this exact subject! 

Not much of a background check is done either on the transaction or on the borrower.

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

Quote from @David Pennington: I followed @Jay Hinrichs advice and checked with the county and they have no zoning regulations about drilling.

Your prior question was shold I use my W2 income to pay down (aka you mean what you have saved in your checking account?).

Some co-hosts are locals who will assist and drop off extra linens, do check ins, etc. 

Check to X and I would even tell them you would send them a prepaid envelope usps priority mail

Will be glad to check options in more detail.  

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

The biggest ways IMO are MLS data, multiple solutions for sellers (off market cash deal or listing), ability to rep. yourself on your own deals (saving on commission).Commission savings adds up fast when you're doing multiple deals a year.That being said, there is cost to having a license so if you're only doing a couple deals a year then it might not make as much sense.