What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

We’ve since implemented stricter due diligence practices, like deeper tenant screening, verifying payment histories, and cross-checking financials with third-party records.

And always set aside reserves for the unexpected.always look at location, schools and is there an area that is gentrifying where we could take advantage of better appreciation Inspections are paramount.

Quote from @Amy Breen: I feel compelled to point out something important about this post and its author's posting history.

I can give you a crash course on the good, the bad and the ugly of Binghamton.Binghamton is something of a unicorn market at the moment; it's a rust belt city with a history of low incomes and low property values.

If you're going to school FT do you want to manage this property? 

Quote from @Zach Rumfield: This particular property might make for a good house for professors or staff at Delta State if anyone has connections to that school.

I look for liens that will be removed or that may stay, ownership history, platting, zoning, exit strategies, cost & profit analyses, and above all else; I physically look over the property.

In the sponsor's history, has the reporting always been on time?

These loans don't require employment history, income, tax returns or DTI.