It's a comprehensive report that covers a lot more than just a person's credit and criminal history. 

Generally, no nightmares, because I told all potential tenants right up front, “I am calling your prior landlords, I will not accept any evictions or criminal background more than the occasional speeding ticket”.

Nightmare comes when we try to screen criminal /credit /eviction.

In terms of other things outside of the renovation items - the neighborhood, tenant base, red flags for property management issues and evidence of criminal activity.

For the most part, most "wholesalers" are acting as unlicensed brokers who choose not to do business in a legal manner...OR...maybe they cannot get a license due to criminal history.

Cash still talks, as long as you do due diligence in credit, background screening and criminal and don't skip details.

Be sure to use one that includes ID verification, address history, criminal background, and a complete credit report.

The most stringent screening process still can't guarantee you won't run into this again, but certainly can help you mitigate some of those risks (ie. be sure to include a nationwide criminal background check, eviction history, credit score and credit history breakdown, and reference checks from prior landlords).

We also checked that all 4 adults have no evictions, criminal history, or bankruptcy....

North Carolina does not give full criminal data to automated background check services.