Just screen the tenant as well as any other and verify their rental history.

Not just with secondary loans but any loan, people have different sources of funds to verify and look at, telling a salaried professional to bring in 3 years tax returns will turn them off.

They do have one 4 plex in the same area that is identical for sale for $170,000.

The reason for this is it keeps identity thieves from accessing your cash accounts,I highly recommend that you dispute this with your credit card company.

I think this was escrow's fault for not verifying.

Your points were very identical to what he mentioned.Any extra advice is always welcomed!

Hello, if I start my own construction company, am I able to sub out the whole scope of work to a different non-licensed company (llc) as long as I get permits and verify work?

Your question seems to be asking how they would know because you want to follow that approach, which makes me pause....Since the bank is a loss payee on the hazard policy, yes, they will notice.They also notice names on tax bills being paid.They notice if there is an insured loss to the property.They may also notice someone else is paying the loan.They also audit loans, and bank examiners audit loans and occupancy can be verified easily.

The security deposit is only $200, which I think is typical for the area/type of home (I need to verify this).

Probably the least productive activity is having to weed out the pretenders from the real players.I typically do this with having anyone I work with show bank statements and to verify that when they say they have 400,000, 1 million, or whatever to work with that they actually do in fact have that.You would not believe the number of people out there that pretend to be working with capital or overpromise themselves.