I informed him that his wife would have to apply and if everything checks out then we would need a background check on him before moving forward.

Maybe you have some construction and project management background.

(I have a background in engineering and experience with rehabs.)It's right at the top of what I can qualify for on a personal mortgage but when I add in other revenue generating opportunities things quickly change.Before my wife and I jump into this I'd like to reach out to the experts. 

Plus, I would vet the tenants with a background check, application, etc to weed out murderers.  

First some background.

These systems are now under tighter scrutiny as privacy laws globally begin to expand.Here’s how regulatory changes are directly impacting the real estate industry:Tenant and Buyer Data Collection:Real estate firms collect sensitive personal data such as Social Security numbers, financial records, credit history, and background information.

A solid background check can save you a world of trouble later.  7.

You’re on the right track, and your background in construction will be a huge asset.

For those that think purchasing in the Northern Virginia Market is out of their scope here's the background on my wife and I's latest investment.

Even though we do run credit and background, I refer to us as private money lenders rather than hard money lenders based primarily on the cost of capital.