Those lenders do not care about race, sex, national origin, religion, or anything else.

I’d make sure they weren’t into drugs ( Facebook/ social media )and that there’s no serious convictions or registered sex offenses ( local online court dockets)

Plus I didn't like my apartment address listed on the states sex offender list. 

Commercial PropertyColumn 1: UnitColumn 2: TenantColumn 3: SQFColumn 4: Base Rent/MoColumn 5: TMI/CAM Rent/MoColumn 6: Total Rent/SqfColumn 7: Total Rent/YearColumn 8: Total Rent/MoColumn 9: Cheque Total /moColumn 10: Next Increase DateColumn 11: Increase Cheque TotalColumn 12: Lease Type (ie.

In addition to that, we like to check with the police, fire, insurance, sex offender status, and anything that might affect the operations of the park.

I logged into the net cams installed in the house and prayed no one would break in to steal the furniture or start squatting. 

By pure happenstance I cam across the classic super highly motivated seller who wanted out yesterday and was willing to leave all his equity on the table.

It is rare but sometimes with national tenants it can happen or an A location even with mom and pop tenants if rents per foot before cam are lower and do not tax tenants businesses models as much to stay profitable.

I have a bunch of tenants.I will tell you what I tell my property manager.Do not get over involved in tenants problems and lives.Simply collect the rent and handle repairs and make sure the tenants are in compliance with the terms of the lease.I am very picky in who I allow to rent in my buildings.I turn down about 3 to 4 out of every 5 applicants.No pit bulls,aggressive breeds of animals,sex offenders,felony offenders,drugs,loud parties,unclean tenants,evictions from other apartments,no smoking inside of the units,etc.I go through this the first time I meet a potential tenant before I say anything else.The deadbeats leave real quick and the good ones like that I do that upfront and want to apply for a unit.You should have researched the tenants on the lease way before closing on this property.At the least it would have given you leverage to drive down the price further to take on a bigger problem.A good deal is only relative to the problems you take on when purchasing.Do not kid yourself on the drug dealing.If they grow pot,smoke meth,etc. the costs to remediate the units after you get them out can put you under.Just go talk to the sheriffs department about drug damaged units.Did you pull a criminal report for the area before buying??

Very inspiring article, So glad to have someone in the public eye to look up to that isn't involved in a sex scandal or insider trading scandal that always seems to handle adversity with integrity, AND STILL MAKE A HUGE PROFIT!