Michael Wentzel  I am in the process of reaching this myself so interested in what experienced private lenders have to say but below are my notes from my research:Draft promissory note with loan termsDeed of trust or mortgage agreement whichever is required by State is recorded with first lien position which secures the lender’s interest (Title Company or Attorney)Appraisal paid for by the borrower but done by an appraiser I chooseGet 1003 loan application and a credit report on the borrowerDo a criminal background checkVerify that borrower has the cash reserves to carry through with jobVerify borrower past experience of successful flipsVerify realtor, broker license, etc.Detailed breakdown of the rehab.

This Act categorizes marijuana as an illegal Schedule 1 substance, the possession, distribution or manufacture of which is a criminal federal offense.

Personally I would base my decision on job/income, credit history and criminal records.

On #3 there is no such thing as a National Criminal Search unless you are law enforcement.

There are actual criminal penalties that may be ascribed for being an unlicensed real estate broker in Ohio.The criminal penalty for such activity is a 1st degree misdemeanor and a $1,000 fine for each day during the violation.Just so you know the maximum jail sentence for a 1st degree misdemeanor is 180 days in jail.The above is not inclusive of any civil penalties, if they ever arose.  

No, doing something like this will make us look like criminals not professionals.

I'm excited to hear what works for you or what you are looking to make more efficient.My Application/Renting policy is below:1.Schedule 2-3 times per week where you’ll be available for showingsa.At least one over lunch and one afterwork or weekend2.At showing if potential tenant is interested give them the instructions on how to submit application online 3.Once application is received online make sure it is complete4.If complete, send them the background check emaila.Review Eviction, Credit, Criminal history to ensure tenant passes requirements5.Check Background/criminal / eviction history6.If Eviction, Credit, Criminal history pass checka.Call employer to verify incomeb.Call past landlordi.

I'm just saying I rent to people,  no pets, that qualify by income and credit and criminal. 

Tenant(s) must agree to both criminal and credit check ($35 processing fee must be submitted at the time of application per applicant). 4.  

Run a criminal background check?