Also as your grow and scale you want to have some policies and procedures in place to keep some structure in place for your business.. well done!

It's quite likely this is just part of their standard procedure (as you mentioned all banks want statements from your checking and savings...) and perhaps they don't give the 401k statements too much scrutiny or weight regarding loan decision since the 401k can't be used as collateral for the loan.

Having said that, none of us doing our own dental work, right?

It's not only about buying apartments; it's about creating wealth, cultivating good relationships with investors, and having a solid portfolio that will last.I constantly tell my students, "Optimizing cash flow and increasing appreciation requires implementing the right systems and procedures.

Cookie-cutter sales procedures aren't making sense.

Given the fact that it appears this information is still obscure (I wonder if PACER even reports housing court information), it probably still makes sense to take this step.It's an arduous procedure (there are a lot of other things as well), but think of the value of the asset(s) you are trying to protect.

This procedure has resulted in many of the problems with the chain of title with a CFD in it that I've seen. 

Make sure you surround yourself with the right team from manager, agent to your operating procedures being bulletproof.

Understanding the Landlord tenant laws and good screening procedures will go along way to prevent this situation.

She took a look for me but suggested I skip it, because it looked like a slum, with section 8 tenants, drug dealers etc.And then the PM company have procedures for moving in new tenants and owners etc.