Real estate from my observations has a heck of a way making normal working people very successful thats why I love it.  

Explosive Inflation Leads To Record Collapse In Home, Car Purchase Plans""Presenting Exhibit A: Last month we observed that anticipating an end to Biden's stimmy bonanza end and that soon they will have to live again within their means, Americans' buying intentions (6 months from today) as measured by the Conference Board, had cratered across the 3 major spending categories: homes, automobiles and major household appliances."

@Scott Mac excellent observation 

But, that's coming from the perspective of an industry observer, not a boots on the ground operator.

I observe and report the property as I see it and the Lender will let me know how to deal with that specific situation (lack of flooring).

All of the benefits of a partnership with the liability protection of an entity....assuming you observe the formalities required of the entity.Check out this overview as well: http://www.biggerpockets.com/forums/12/topics/76052

Good observation Ali, that is true on any site, any RE ad, any RE listing.

For things that were simply observation or interview / phone discussion, there is no need to give anything in writing - but I would venture to say that you wouldn't even get to the point of pulling credit reports with candidates like that.Try this link:http://www.pueblo.gsa.gov/cic_text/money/fair-credit/fair-crd.htm

Here are some very general observations:1.

Good observation Steve, I see it as a time saver and not having to stay at the Hilton, or where ever.....okay, I'd stay at my cabin at the lake :)