Since new investors do not know any better and are going off of the neighborhood hype, they verify  these prices and get slammed into deals they should not be in. 

When I saw the house photo I instantly knew this was Houston, TX.I had an identical deal, BRRRR turned Flip, this past summer in NW Houston. 

Owner hasn't credit score, no any asset, the only thing he has is cash income (non verified).

Now they don't run background checks, but can verify the person is who they say they are.To allow certain people to view the property in your absence, there are locks now that use Bluetooth to unlock them.

And I'm still getting contacted by banks to verify that I have made an application to them, so I think more cards are coming. 

You should verify that. $15/month property taxes and $20/month for insurance?

You're the business that keeps accepting overqualified applicants for key positions and keeps losing them to headhunters because they have so many options other than working for your stingy self.So I guess my slumlord bonafides are now fully on disply with this post, but I'll continue treating my tenants like human resources to be fully exploited to the best of my abilities (just like a corporation), and you can keep on looking for exemplars of the finest past conduct to fill your vacancies (people whose next step is buying a house when they get sick of renting, with their good credit and excellent record), and we'll both do well in our market segments, you in your clean Canadian suburbs, me in my Rust Belt ghetto cesspits.Frankly, if I had a tenant applicant show up with the kind of clean record you're looking for where I own low-income rental properties in the 'Burgh, I'd immediately suspect identity theft.

I can help you I can send you my rate and product sheet and get you done with stated income and verified assets 

Personally, I always view my listings after the PM posts them so I can verify the content. 

In the other tenanted unit, it appeared that we were very fortunate as they appeared to be a great tenant, easily producing verifiable screening documentation, appeared to be taking very good care of the unit, and a track record of paying rent on-time.