Thanks for your response everyone.

He was a former professor and has online courses that are good to have.

In hindsight, they gave loans to people who were terrible tenants, who weren't going to change just because they now owned a house.In response to the Great Recession, higher lending criteria was forced on the industry by the government.

There have been a ton of great responses here! 

Fake income documents are easily purchased online, and inexperienced screeners often miss red flags.

@Russell Brazil: Thank you for the response Russell, very helpful thank you

I still get junk leads but that is to be expected on just about every online lead platform.

The canceling tenant remains responsible for rent, utilities, and other charges until a replacement takes over.

Your ability to identify properties and markets where you can generate equity (both imputed and appreciated) while using debt responsibly and knowing when is most appropriate to sell is how you acquire more real estate. 

Even if one tenant is responsible for rent payments, the others will live there and impact your liability as a landlord.Accountability:Requiring all adults to apply and sign the lease holds everyone legally responsible for the terms.