Hopefully you have other, better qualified applicants to go with or can deny this couple on something else (credit, income) so you don't have to deal with their nonsense.

Standards are higher and things break or need to be replaced more often.Do you have a short term track record to show the lender?

You may have to give up a big % of the GP on your first deal just to be a fly on the wall while building a track record. 

Buyer's agent could/should also negotiate a seller credit that makes the offer $100k, with $3k credit for buyer agent compensation, again resulting in a seller net of $94k.But now buyer has the opportunity to agree with their agent that the rate should be 2%, or a flat fee of $2k, and the buyer then pockets that savings.

I have a client that has had a rough past two years (a credit score under 500 and they're a 1099 with inconsistent income history).

If yes, do I need extra credit for the market rents to meet DSCR requirements?

Like Ann, I have done many 100% rehab loans so it's not a scam so much but it could be the old bait and switch stuff or grab a fee and reject.You need to see what the track record is of any lender, do they close do they usually switch programs or whatever????

One filled out the application but refused to do the credit and background check so i rejected him.

Hey @Joshua Beach depending on how many of these you have already done, it may be worth looking into a line of credit through a bank.

CCIM, SIOR, and all of the other designations you can amass never teach you how to pick up the phone and prospect for leads, track down growing/expanding businesses to convert to clients, how to manage tenants in a retail strip center, or do the myriad of other daily activities required to be a good commercial investment broker/owner.