No offense, but so are most of the agents that handle REO work as well.Your thoughts on that would be greatly appreciated.

You can do criminal checks on the Colorado Bureau of Investigations website.

Using credit checks, background checks, eviction reports, criminal records, and other data, you can filter out those tenants you want nowhere near your property.

Tim,No offense, but I find it a waste of time to slow a deal down over negotiating earnest money on a bank owned deal.

I would consider these to be low income areas where many of the properties are run-down; most of the properties are rentals; and many of the people are low life druggies, criminals, and other assorted scumbags.

Aggressive, especially in dealing with deadbeat and criminal tenants.Mike

Dumpy 500 sq.ft. 1/1 apartments go for $500 in that area.I make the deposit a little less than the monthly rent just so there's no confusion with that being the last months rent.You can do criminal checks on the Colorado Bureau of Investigations web site for $6.95.

This is not meant to be offensive, it is meant to be an eye opener for you.

That would normally be enough to make criminals choose easier pickings at another house.Likewise, I want a multilayered asset protection plan for my rentals.

No offense but, your method seems like a bunch of extra hassle to me.