Have a conversation with a few to determine their need, add it to your qualification questions for your leads.

Pre Qual Process: the client must set up accounts with MyFico.com and TrueCredit.com, promo codes are available to receive 25% off the registration, which is less than $40 for both accounts.Monthly Credit Monitoring also available, good idea if you want to keep an eye on your scores and reports, but not required.To answer your questions1) There are no Upfront fee's2) MyFico and TrueCredit give us the clients reports for all 3 credit bureaus, Myfico uses Transunion and Equifax, While TrueCredit uses Experian3) Login ID and password are required that we can review the full FICO reports and do a thorough evaluation of the clients credit worthiness4) Once we complete the pre qualification process, the client no longer needs the Myfico and True credit accounts, although credit monitoring is helpful!

The house may be exempt from qualification analysis (primary residence) but a note won't be!

If you're using a bank, you should talk to them first and obtain a written commitment to lend (a pre-qualification letter, if you will), then you're almost as good as a cash buyer to the seller.Using a 10% cap rate sounds reasonable.

There is no overall bubble, LTV are stabilized and qualification for loans is striker than it has been in a long time.          

There is a balance between something like electing to use the $2,500 de minimus safe harbor and the resulting impact on your DTI for residential loan qualification purposes.  

The only qualification has been ability to pay!

If they fall short on your minimum qualification for character you do not have to rent to them.

There a a few ways to make money in the business that I've looked at.You can buy or lease a parcel of land that meets the qualifications for a building a billboard.

I'm not going to rent to the first person who meets the minimum qualifications - I'm going to rent to the best applicant at the end of my application period."