The most important thing that the lender needs is your income verification.

And you get three designs for the price of one if they are identical units.

This information is then available to the public for verification purposes in order to ensure that landlords are not raising rents more than permitted under the Rent Control Ordinance.

@Sean Tippens I'm on my phone and do not have the information available right now but there is a federal law that forbids landlords from renting to illegal immigrants.rather than get into the politics of it, just think of it from a business standpoint.First, you should be screening your applicants with identity verification, a full credit report, and a criminal background check.

You have to communicate with everyone and stand your ground to make sure your requirements are met, including prior landlord verification if at all possible. 

You can't really do credit or background checks so you are dependent on the income and asset verification.

It just happened.I actually had a debate with a co-worker about a situation almost identical to the one you describe.

I go to the Ohio BMV, pay $1.50 for a VIN verification fee, $5.00 for an Ohio Title fee (in my hands within 10 minutes) and then $84.00 for a one year registration.

But my offer is subject to verification of both.

Not necessarily. general aging of the property would indicate cap rate increases, but if youre adding value with stronger capex or better tenants/leases, then the cap rate can go down. of course, it all assumes interest rates are identical to lending at entry.