This is not my favorite option as most real estate agents wouldn't know how to handle the marketing of a property with a tenant currently in it. 2) Find an investor friendly agent who might already have buyers looking for that type of property.

Others might be fine with taking risk, but least by doing this a person can get an idea of what might go wrong.e) Legal document analysis: it will usually take a few days to go through the legal document properly, as almost inevitably there are tons of gotchas that either have to be explained, or mitigated with a side letter.That is the very short summary of what I do.

If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

It is all in the details of the deal and person driving the plan. 

First qualified person that give a deposit gets the place. 

and include my tenant's name and this unknown person? 

DSCR loans offer alternatives for DTI/income and employment, but generally still have strict personal credit requirements. 

If you decide to entertain this, due diligence will involve digging deep into the business financials to understand cashflow, solvency, and liquidity, his personal finances, and searching for any liens or UCCs in place. 

@John Guillory I personally believe that its the way in which you are presenting yourself when you talk directly with the homeowners that gives the "shady" terminology.

Learning about the seller's approach and way of thinking can help you make your negotiation plan more effective.Every seller in the real estate market is different, just like every person is different.