The loan eventually was approved after three explanations.

This is a very basic explanation, but you get the jist of it.

There are numerous threads on that topic including what I consider the best wholesale thread on BP which is:http://www.biggerpockets.com/forums/93/topics/58383-the-truth-about-wholesaling-

So I have spent the last several days searching through numerous posts on BP to refine my criteria for an absentee owner list.

Thus, if management is too hard then chances are that the properties you currently own attract the wrong crowd…What other explanation is there?

You could use your allotted 10 Fannie Mae 30-yr loans to build this portfolio, but could not do so on the more numerous and cheaper houses.

However, I have refused to rent to a few applicants who I felt were at risk for filing bankruptcy based on their numerous (20 or so) large unpaid debts which I felt would, at some point, cause them to file bankruptcy since they had no way to pay these debts off based on their current income/financial situation.On the other hand, I will not exclude applicants who have already previously filed bankruptcy and had the bankruptcy discharged since I know that they won't be able to file it again for quite a few years (depending on what chapter they filed).

I don't have an explanation for the unpaid medical bills from 2009 yet, but the utility he said he didn't know about, then later said he had gotten a divorce and his ex-wife was supposed to make the last payment but never did, so he will clear that up.The other thing is the 2nd couple both lists previous landlord as their parents (separately).

I have gotten the Sch E's with blacked out SSN/EIN on numerous occasions when dealing with an actual owner/seller (as opposed to foreclosures).

-- I am going to ask for an explanation of this on the forum, because I tried to understand how it works and couldn't really get it!