@Gabriel Benavidez,If you have someone lined up,  and they pass all the qualifications, I'd absolutely do $1,000-$1,100, depending on the quality.   

After that, it is a loan to value qualification.

Step 3 - Check references and credit/background reports on applicants in descending order of qualification and make an offer of acceptance by the end of March 6. 

Create an investor qualification form that captures a potential investor's name, contact information, accredited or sophisticated investor status, and how much they are willing to invest if you find a deal that they like.5.  

I had never heard of the programs either so I'll will see what their qualifications are. 

Pre-qualification: The process of determining the amount of money a particular lender will let you borrow.

What is the process or qualifications?

If you hired someone like that with those qualifications and you lose money all you can do is look in the mirror 

There's some qualification, some probing, etc., right?

You set your qualifications and select the most qualified.