Mistakes that cost a lot of money can happen when you're feeling emotional.

Some are growing and potential money makers.

Sometimes you can talk directly to the owners.Use the Internet - Websites can show you houses that are being sold because the owners couldn't pay their bills or are in other kinds of trouble.Check Public Records - Look at official papers to see if a property owner is behind on taxes or other bills, which could mean they need to sell fast.Study the Market - Learn about how much houses in that area usually sell for and how much you could sell it for after you fix it up.Be Careful - Make sure you investigate the property fully to see if there are any legal problems or money owed on it.By using these steps together, you can find properties that might be a good investment because they need work or are being sold at a lower price than usual.Kind regards,

What is happening on that day that they will suddenly have the money?

Anyways the only way I will get my money from my tenant is if rental assistance is approved tenants is 4 months behind. 

@Harshit Tewari You are wise to be concerned about the tenants damaging the property, but what specific background check documents do you think will save you from this issue?

Create a DBA, open the checking and savings accounts in that name, sign the lease in the name of the DBA/owner operator and then have the checks written to that name.

If you can find your tenants that will put a lot more money in your pocket.

@Youssef Labib  I don't know about the success rate of this or any big guru program, however my thought is most people at the end have parted with a large sum of money with nothing to show for it. 

Money down the drain!