You need to verify there are no licenses required to hard money lend.

Some brokers actually have somewhat legit pro formas, with just a little biased tweaking, but you still want to verify those.Something that I've noticed lately, is that some properties that are over 4-units, which should be trading as commercial properties and valued based off of cap rates, are trading more like single-family homes and are valued based on comps and emotion.  

Considering they are exactly identical and produce the exact same cash flow.

Is there a way we can verify the competing offer?

I have the down payment + reserves but the bank won’t work with me because I currently have no income ( I gave my job 2 weeks notice but I know it won’t close in time to make that work).Any suggestions on how to still buy the property without having verified income?

At a minimum, you need to verify their identity and their criminal record.I generally combine their income to meet my standard of 3x the rent but if there are three or more unrelated people renting together than I require each individual to make a minimum 2x the rent.

It will then match it to the mortgage being foreclosed on and verifies the position based on the recording date (as per FL law).

. - Proof of adequate income (or reserves) to verify ability to pay rent on time throughout the lease term (select one or more): • Verification of employment and salary/wages. • Recent paystubs from verifiable employer • Tax return copies for self-employed applicants. • Proof of regular investment earnings, social security or other form of governmental rental supplement. • Any additional sources of income that applicant wishes to disclose (i.e. child or spousal support, trust income, financial reserves, etc…). • Any rental subsidies which you wish us to consider.

Hi all, I think I know the answer to this one but wanted to verify with the group.  

It’s just so unnecessary because I didn’t do anything wrong. ( I didn’t reject the title policy, I even verified prior to closing,) anyhow, things happen for us so we can grow right!