We’re one ofthe few property managers that require W-2’s and a bank statement and we go way beyond the traditional, “income must =3x rent” qualifier.Below is more information about what our Applications Department does to screen applicants and find the best tenantspossible for your property.Required InfoWe require the following from each applicant over the age of 18, that is not a dependent of anotherapplicant (as evidenced on a tax return):Copy of acceptable state picture IDRecent YTD paystubRecent W-2Recent Bank Statement, all pages, no info blacked outRecent tax return if self-employedApplicants are often slow about turning this information in, asking us why we need it and then takingseveral days to submit.

While the state is tenant friendly, eventually they will be forced out and at that point it will be without the offer you gave them and with a black mark on their record making it harder to find another place.Since you are looking at flipping the property, you need them out to do the work and I would discuss that with them - not the flip portion but the work that needs to be done and can't be done with them in it. 

From the picture with the black tar on the wall, I knew this was going to be a challenge.

He put in a hot water heater, painted the upstairs walls white, put black shutters on the house, painted the deck grey, and painted the front door red.

But even if the numbers looked good going in and a black swan event happened, it would take a lot to lower the value of the house below your purchase price if you are doing value-add renovations.

I know what agents in my market have a reputation for lying or stretching the truth.The other way is you can ask for a copy of the other contract, with names blacked out.  

But not the reason to do it.Good insight here from @Michael Plaks (the Black Belt) 

Purchase price: $650,000 Cash invested: $65,000 STR in Black Hawk CO

Your LO does not understand that is the issue but it is in black and white on the link I posted.

Black cabinet hardware and changing to a black sink to match the other appliances would look nice though and wouldn't cost much