Imagine this next sentence in a sassy Texan accent: No offense to those who have mentioned life spans here, but no one can tell you how short your life expectancy is going to be...

@Tony Murphy definitely run the credit and criminal.

people don't make those kind of decisions within meeting you in the first 45 minutes unless there is other motives on a personal level.be carefuland for sure protect your licenses .. securities carrys a ton more risk for being sued or even criminal than say a RE estate license or a lenders license.. your dealing with securities.. 

@Justin Lee Taylor, as with any partnership agreement,Conduct due-diligence on the person, have a company do a criminal and credit check then verify funds to perform,Once completed, you need a meeting of the mind for direction, management, operations, incomes, taxes and so forth...What is it the partnership is going to create?

.* **Application fee**: this covers the cost for credit and criminal background checks.

@Bill BrandtI called the Nevada Real Estate Division, but I don't think this is the right department due to it not being criminal related and violating state regulation.It still needs 2/3 votes from owners, but I do not think it will pass.

Run a criminal background check and a credit check.

You start to do, what if they rent to someone that you would disqualify(eviction within 2 years drug offense, child molestor).

I'm assuming here that you're already doing the standard tenant screening (verification of rent, verification of income, criminal check, etc).You already know that they won't qualify for a loan right now, but you want to know WHY: Is it slow credit, no credit, or just straight-up non-payment?

Does the background check include credit check or just criminal history?