Also are you doing credit checks through them?

THe lender is a credit union and it is a conventional low rate loan.

In Philadelphia, for example, landlords cannot deny a Section 8 tenant based on credit score—only for violent crimes or drug offenses.

Books like “The Millionaire Real Estate Investor” by Gary Keller, “Rich Dad Poor Dad” by Robert Kiyosaki, or “The Book on Rental Property Investing” by Brandon Turner can give you a solid foundation in REI strategies, including wholesaling.Most of the content offered in coaching programs can be found in books, free webinars, forums like BiggerPockets, and YouTube channels.

If Don fails to pay, the bank will certainly go after me, it will at least ruin my credit and will likely take me to court.

Reports to credit bureaus.

If your property is residential single-family owner-occupied in a good area, the buyer has good credit, made a good down payment, and twelve or more on-time payments have been made, you'll be in the lower range.Note buyers, just like lenders, won't go above a certain loan-to-value (LTV) ratio.

A proper vetting process - background, employment, credit, and reference checks - will weed out 99% of problem tenants. 

Ivan, I'm in Tampa too and I'm a lender with formal commercial credit background from two of the largest lenders in the world and 34 years of lending experience.

If comps for a 3 unit property are in the 950k range, then that is what it will come in at.The revenue from the STR will have no bearing on the value of the property itself.People argue about it from time to time, but I spoke with 10 different lenders, banks, credit unions, private lenders, etc etc and they all said the same thing.