Do not use a standard rental lease.Qualification - Screening the tenant/buyer (T/B) is critical.

Getting a solid base level of understanding is a critical step to success!

Pup: $615kRehab: $10kARV: $900K(615+10)/900= 69.4% Of course you're going to think I'm making this up as well.To wrap things up btw me and Dave because our convo is getting too long, I think we both agree 70% and many other rules of thumbs are good if you meet them, but they're not critical. 

However, the critical component here is that they must have the intent to hold the property for rental purposes.

Please let me know if this is the normal procedure for a buyer and maybe we are just being too critical or if this seems out of line?

Usually when you have a tenant with the habit of bouncing checks and using excuses as uncle in critical condition not once multiple times, keeps happening.

Or... since listings are extremely critical for an agent's business, the agent gets all of your listings?    

Again, personally, for me getting all the information is not AS CRITICAL as moving the deal forward.

Echoing the geometric axiom "The whole is equal to the sum of it's parts", I learned a long time ago to employ it when it comes to analyzing and striking a deal with the following advice: Never agree to a defined piece of an undefined whole.In the current case, this means don't agree to the terms and conditions of a hard money loan (or any critical variable of an investment) without fully understanding the cause and effect of all critical deal points and variables.

This is critical.