Have never had a section 8 tenant, but have stated that I will accept if income criteria (3x rent) and other criteria (rental history, credit/criminal check) are OK.  

No offense intended. 

Their criminal history is checked by the FBI and their creditors pulled to ensure they are financially stable.Loan officers at a bank are salary based which means quite frankly, that they get paid whether you get your loan or not.

I think your bank is referring to the fact they wouldn't be able to access your account directly at your bank...but most criminals aren't going to do that they're going to pass bad checks or sell your information to someone that will.With all this being said...i'm hoping you've screened your tenants enough that you shouldn't worry too much about this, but once is too many times :)

No offense, but you're a kid  and impetuous.   

I used to use then until a fellow BP member pointed out that we are breaking the law by posting them, which makes us criminals. 

Every thing else as far as criminal, rental, and income has checked out.Let me know your thoughts and how you handled a similar situation.

Probably not criminally so, but as if it's a trick (which I guess in some ways it is).

You will also need to give Bill your wiring instructions for your bank and work out any draw schedule.No offense, but this is not a good investment for Bill, the LTV is way to high and you have no skin in the game, i would not do this loan, but maybe Bill is more trusting, good luck.Rick

Both give credit, criminal, and eviction history and cost around $15-$25 per report depending on the package you select.