But, making two applications is a bad idea, sounds like a good one, but it causes issues.Credit inquiries are not the big issue, here's what can be;Bank A sees you went someplace else, the delay working on your app until you explain what you're doingBank B can do the same thingThey will delay settlements to ensure, by verification you aren't getting another loan of any kind, that changes your ratios.Dealing in good faith means a lot to a lender, if they feel like you're just jacking them around, they might reciprocate.If both lenders reciprocate, you're in the cold, butIf you can energize them back into action, you still delayed things and you have pie on your face.This is also an indication of your management techniques running your business, not cool they may decide they just don't think you're ready for their bank from a business point of view, remember this is commercial, not consumer, if they doubt you management/business skills and ethics, you're gone.Biggest flag begins with an attempt of fraud, trying to get more than one loan, usually such attempts will never happen, too many checks in place, doesn't mean someone may not try, so your intent is questioned.How to avoid all this, tell Bank A that you will go with them, but because time is of the essence and because they can't totally commit ask them, inform them, that you'd like to see if bank B could be used to back up the deal.

A good company should also be able to complete the employment and rental verifications for you.

EIN identity theft is more problematic than SSN theft and is growing more quickly as there is so much more that can be done fraudulently under a company name. 

Each parcel has an identical 4 plex.  

Anyone who understands what really goes on with ANY biz gets this, rarely if ever will you find a law that is 100% black and white, so you can take 2 identical cases to 2 judges (no jury involved in this) and the 2 judges can come to very different conclusions, even totally opposite, all depending on mainly the personal politics of that judge, which no matter how impartial they claim to be, of course come into play every single time.

Although I would not expect you to pay for compaction testing/verification, I would make it a point to monitor the backfilling operations and direct the excavator to recompact the soils in to 6 to 8 inch lifts coming back up.

No family will buy this place its been on the market for over a year and is surrounded by other duplexes that sell for 220-230k blocks away that I have toured and are nearly identical well if this was converted anyway.

I believe the actual W-9 is more important for verification when you Don't need to 1099 them, as in corporations, etc. but it's better CYA to get the form or everyone of course.

Your due diligence should include the transaction where the note was originated, the property value and condition, title search with lender's coverage, past loan servicing records and verifications with the borrower, loan compliance, insurance review, taxes current, escrow account audited, basic borrower qualification issues and credit, payment history and keeping with loan covenants, note valuation, purchase agreement including proper indemnification for errors and ommissions, note endorsement properly made and filed, notices given to borrower, change of trustee appointment, servicing file set up and escrows deposited.

Credit/court document review, rent collection and how do you get the rentProperty inspections (quarterly-every 3-4 months)Pets policy and verification of incomeJust to name a few of the other concerns/question I would have prior to hiring/contracting any PM