I dont like it.If illicit money stop buying ( due to regulations), prospect is not good...

I do not accept personal checks under any circumstances for these move-in funds.This agreement is between_________________________________________, hereafter referred to as “Prospective Tenant(s),” and ____________________________, hereafter referred to as “Landlord.”Landlord acknowledges receipt of payment in the amount of $___________ from Prospective Tenant(s) as a non-refundable binder for the property listed above.

But that means you have to become a small time PM, not an exciting prospect. 

Another example would be an off market prospect that meets the investment profile or a neighbor that nobody wants as one. - Referrals and resources: Identifying an investment prospect is one thing, the due diligence, lending and team required to successfully close and mange it are another story.

Agreed, I was too lazy to run the numbers yet, being dissuaded by the not so promising prospects in either option.

When asking for references from a prospect tenant, what is it the prospect tenant should provide in terms of information ?

I had a prospective tenant (traveling nurse) last week who was interested in renting the unit starting in mid-August and I sent her the link to the Avail application.

The website was super easy to use and the prospective tenants were able to submit an application, which gave me their income, credit, and background information.

A point of leverage is the seller is now aware of a material defect and must disclose it to future prospects on the seller's disclosure.

Just need to make sure the prospective property is located in a spot.