Don't trust w/o verifying!

Verifying last 2 years of rental history very important!

How else can I verify past performance? 

@Clay TeegardenAmongst the avalanche of nearly identical responses from my fellow accountants about setting money aside and rates and so on, I will repeat a point that I consider crucial:There is no guarantee that you will have any taxable profit when you start flipping.

Verifying last 2 years of rental history very important!

Title insurance protects the lenders in case issues with ownership arise after the sale.Underwriting fee: This is for processing the cost of verifying the borrower’s credit history, income, and other financial information.Discount points: Many investors pay more money upfront to buy discount points and reduce the mortgage interest rate.

The thing is, emotional support animals aren’t the same as service animals, so they don’t have the same legal protections, but they still get some coverage under housing laws.Now, you can ask for documentation to verify the need for an ESA, but it’s a slippery slope when it comes to denying the request based on your suspicion of the letter. 

The uninformed will fall victim for sure.Lenders of all types should require title insurance and also obtain Insured Closing Protection Letters -- the validity of which can be independently verified.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Do you verify their income?