To be clear, we inherited the house, but there is a complication that prevents us from being able to sell it for a few years, but we will eventually sell.

For prospects seeking to rent many months in advance we are typically declining those and seeking to lease up as close as possible to the next available date so as to prevent potential gap periods that will be harder to lease. 

I always got the impression that he had a bad criminal record or never got his high school diploma/ GED equivalent or some other issue was preventing him from getting a license, because he was basically just brokering without a license but calling it consulting (I don't know any of that to be true for the record, that was just the impression that I got from his comments and might explain why he used a fake name?). 

The wholesaler won't disclose any issues that the property has that could prevent them from getting paid.

Bouncing payments or only being an illness or accident away from not being able to pay the rent, are issues considered by our underwriting.Letter Of ExplanationAny time there are credit issues or we discover an inconsistency, we require a written letter of explanation (LOX).

Putting the acceptance criteria prominently in the ad will prevent most of the non-qualified people from coming to the open house or applying.

.- Preventive vs.

We also keep an inexpensive steam cleaner in a closet in case there are any accidents.

Sometimes you win, sometimes you lose.The guys in the picture above, are two sets of partners discussing how one guy borrowed money from both of them without any of them knowing he was borrowing from multiple people, then he ghosted them all.They comment on how much work it was to track him down and prevent him from closing on a transaction unless they got paid back.

He is an electrician and lost money that had a big impact on his life, set his family back a few years financially, prevented them from being able to buy the house they wanted to for themselves to live in, caused a lot of stress in their relationship etc.