You may also want to check your landlord tenant laws in your state.

They sent the check back, and requested that it be corrected. 

Quote from @Daniel Rabinov: Hey,I am considering buying a piece of land to develop 8-10 houses on it with common area and amenities.Does anyone have some excel sheet or calculator that can help me check the viability of it being a good investment?

What's your preferred method for Background/Credit checks and Applications?

Yes, they are, but only IF they check all 4 boxes:1.

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..Wishing you the bes

These checks are after all closing fees and the remaining mortgages were paid off, meaning it's my profit.

Hi Sridhar, Check your agreement for any clauses that relate to the condition in which the tenant must keep the property and their responsibilities regarding showings.

Would be happy to connect as I regularly travel through South Bend

Background check:  I always perform a background check.