Here is how you catch them … When you and your Property Manager are doing the walk through and Lease Audit, make sure you review the Tenant Screening Procedures on each and every Tenant.

How does the procedure for the security deposit work since the landlords will be changing and I still want protection?

If I spend more than 10 minutes on a property they are getting an offer for me it's standard operating procedure.

Major holding costs....insurance, taxes, foreclosure costs, etc. will be dependent on the holding time before disposition of course, and dependent on local foreclosure procedures and defenses raised in judicial areas.

A very simple procedure.

@Guy M.From what I've seen, carefully qualifying the tenant-buyers for loan approval within the time-frame of the lease option is standard procedure for lease option guys.

Being a 4 unit, it is also a different procedure than the regular smoke cert for 3-units or lower.

For example, if it costs you 75K for a degree as a dental hygienist, your job as such should pay you a yearly salary of 75K.

I have been emailing with one of the companies wholesalers and this is not his deal but he is going to meet me so I better understand his companies procedures.... sure he gets something out of the deal but at minimum we can start a relationship. 

If you rent to tenants who are on a program- ie: Section 8, or any other government subsidized program, make sure you understand the policies and procedures of the program.