As long as you screen the tenants and verify they are solid, you won't have any problems.

I haven't verified this yet with the local town..

Rented a property 4 times(FL) without meeting tenant 1st 8hr saway.1) Craigslist Ad, credit check, POI,POR, 4 references, verify rental/job2) 1st tenant stayed 2 years no problem(met at move out)3) 2nd ten stayed 1.5 yr broke lease early due to personal(3rd party met)4) 3rd tenant stayed 2 years(didn't meet before move in)5)4 6 months into current lease(met before move in)All good tenants..It really depends on your comfort level and screening process..I'm thorough...

Not my bank stmt.No bearing on negotiations Each deal is its own llc with own business account.Its own mortgage or cash deal.So do you have your bank draft a letter verifying you have sufficient funds for the offer?

Here are a couple of observations that I've made:Virtually no two trusts are identical.

But in this case, I feel obliged to do so in order to warn others before they put down $10,000 of their hard-earned money.I have been a "Preferred Investor Group"(PIG) member in San Antonio for a little bit over a year or so and have purchased 2 houses thru Lifestyles.I choose to post with a psedo identity as it is not pragmatic to criticize a organization after paying a hefty sum in advance (which effectively precludes you from using services from other organizations).I disagree with some of you who may claim that some of the below points are trivial.

Can the actual income from the property be verified for at least the last 12 months?

Usually, the written approval is the time when you have to verify no other current offers, etc.

I actually just called the state to verify what my broker told me a few days agostep four: close on propertysteps other: rehab, sell property on the retail market.What my question is, is how does one protect oneself in the event a seller decides that they want to screw you over and sue you for what you made on their property?

It takes a bunch of time to build a network of verified buyers who are serious and can get deals done.Of course the price is often a little lower than what sellers want but of course also you have true buyers and not pretenders reading this no money down stuff.The pretenders always get sellers cranked up and excited about a high price.