This comes into play with a property is sold for a gain. 

Hello everyone, my name is Cole Schlothauer, I'm currently a senior in high school (just graduated) and will be attending Loyola University of Chicago in the fall to play volleyball.

I just made a career change from playing in the NFL for 3 years to being a commission-based Real Estate agent.

@Ramsin JacobUnfortunately, your description includes several misunderstandings which are too long to break apart in an online post.

I think being plenty paranoid is a good thing here.Research this guy as thoroughly as you can online.

I typically look into the property tax and transfer records, which are all online to see what the property is currently assessed at.

I have a duplex under contract that I anticipated paying $3,300 in annual property taxes (using the Indiana online property tax estimator), but they came in at $2,650...so maybe its already designated as a rental property?

Also, Michael's strategy worked for me as well - starting out as an equity partner with experienced sponsors played a huge education role in my journey and allowed me to make some cash along the way. 

That sounds like Google should come into play.

When I was renting out my SFH, it always plays out as this: The person who calls us to inquire will have a swimmingly well history but once we request the history of the girlfriend, boyfriend, husband, wife, baby mother or baby father we get a nightmare report about them.