I'd like to talk to her about it, but need to understand what to say if she did get an unusual loan.Thanksofgift

$50K EM is about right if he's paying cash, unusually large if its financed.I'd never agree to a deal that wouldn't close for eight months.

Unless you have an unusually great deal you can verify independently, I would sit tight at the moment.

This is what we do:Screening ApplicantsPoor screening often results in lost rents, legal & court costs and costly damages.Screening of applicants includes the following:Full credit/eviction/criminal checks are done, instead of score-driven reportsVerification of rental history includes validation of actual property owner to avoid fraudVerification of stability of income & employment via YTD paystubs & W-2(s) (analyzed to confirm not fakes)Income is calculated 3 ways to spot stability anomalies: pay period, YTD average and YTD + W-2 average.Debt-to-income analysis (more accurate than traditional 3x rent requirement)Bank statement to see if NSF issues, if deposits support income, prove MoveIn Funds, also analyzed for unusual transactions.Pet screeningHolding Fee required from approved applicants to make sure they are serious, before your property is marked pending.

One time I was looking for an owner who had an unusual sur name. 

I am renting out a small 2/2 house in my area. I had an older lady come in who gave me a presentation folder that included her intro letter, completed rental application, her credit scores and rental into that she got...

Now that deal was unusual, but I learned so much doing it.Ron (the mentor) was critical in helping me think through the details of the deal and the actions we needed to take to maximize profits.  

It's unusual to have such a square aspect ratio in a townhouse.

Unusual to see a lot of things above 6%.

As you know, that is not unusual to wait until the tenant moves in before setting an AC unit.