Transition to digital is hard, even for those of us who grew up through the revolution.

There are numerous ways to do this; some examples: social security card, income tax return, annual social security earnings letter, pay stubs (sometimes, and sometimes only last 4 digits).I prefer lower credit scores because I think tenants with lower scores will be tenants longer rather than becoming owners.Then there is this:http://www.consumersunion.org/pub/core_financial_services/004801.html

The recovery rate on unsecured second positions is in the low single digits close to 1.0% to 2.0%.

I certainly wouldn't want my money deferred into an account that it going to average low single digits if I had the abilty to buy great cash flowing rentals producing well in excess of that.

If you own the note you can contact, yet there is a proper procedure you have to follow when contacting.Everytime you contact them you have to ask at least 3 questions to verify that you are talking to the right person.I ask the following explaining I have to verify for security reason.Property address they live atLast 4 digits of SSDate of birthIf you got someone who has been jerked around byprior note holder they tend to be hostile at times.Also many have been abused by bill collectors sogo slow and build confidence.DOCUMENT EVERY email, letter or phone call you make.

The world is too digital to escape everything, I'm trying to just keep myself a few layers deeper.I can get a loan, etc., all under a LLC.

@James HardieMetro Detroit (my rental portfolio is here)Purchase: $80k-$130kRent: $1200-$1500ROI: 10-14%Cash flow: $250-$350/doorAppreciation: Double digit (for past 10 years, will gladly send data)Location: C+, B- (suburbs and certain markets)We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, and mortgage industry National footprints.

They also enable guest digitally signing rental agreements and collecting ID.

We have them sign the contract before hand (online digital signature services are great for this) and they must also deposit the security deposit and first month's rent prior.

I guess we can also put a digital thermostat to the electric baseboard to save on the electric bill.