Jay Jones you may want to consider that you might be getting “set up” by a professional tenant.

They looked like professionals in this and the sad part is the kid.

This is what a lot of you need and have been looking while pulling your hair out and trying to figure out the ROI, percentage and just putting it together.Graphs/ read outs for exit strategies for flipping buy and holds, Refi etc. 

Do I have to mention any thing about his documents in the contract like Driving License # or professional license # etc?

Then they lock up after, and report back to us.If that trusted person is not a licensed real estate professional, they should inform the prospects to contact you, the owner, with any additional questions, and how the application process/screening works--they are not there to answer questions, only to open the door.Hope this works for you as well as it works for us!

I took your advise and after hours of excavating the podcast and meeting some industry professionals ( as well as some prior knowledge from books and courses ), I came to the conclusion that my niche is commercial apartment buildings, that has middle class tenants, with mom and pop owners.

Strategic use of debt is vital, an automatic assumption that more is better in every circumstance is unwise, especially for those whose real estate investments coexist with other income, professional circumstances, retirement issues etc.We are in an unprecedented period of liquidity over the last 30-40 years.

Good professionals usually know other good professionals.3) Your location combined with your marketing is everything.

I can't think of any pros other than not many people are targeting them (that I know of...)Cons: More likely to have solid financials, which makes them less likely to need you to "rescue" themMore likely to be professional & educatedMore likely to come from a family with decent connections (lawyer, realtor, investment advisor, etc)More likely the property is in a trust because the family intends to keep it.Personally, I scrub my probate & expired lists of trusts and LLC-owned properties.

If you are not represented I would suggest the help of an attorney or other real estate professional.