Once you get an account opened, all you need is the applicant's name, SSN, driver license #, DOB, current and previous address.

For that matter, what applicant with a voucher could you not turn down for the typical crappy financials you'd expect of such a person?

I just wrote a guest post on managing your rental property workflow in Evernote: http://www.landlordology.com/using-evernote-streamline-loan-applications/Enjoy!

While the actual liability may be one issue, the other thing that I didn't see addressed was the potential of costs associated with paying the plaintiff's attorney fees if they have any type of claim that there is a fee shifting provision under an applicable statute.

About 2 minutes of tapes would be shown [this is the plan] and then lJ would come up on stage, juggling balls or something, and give his motivational speech.

It starts with the initial phone call, seeing the tenant at the walk-through, then screening the application.

That does not sounds right... your credit score would have dipped a few points each time you obtained a loan application but if you are paying off CC and mortgages (major trade line) there should be no reason for an 80 point drop.

He's already submitted an application, I've verified employment, his income is substantial at $120,000 gross, his record clean, he and GF are in their 50s and my Facebook snooping has shown no issues either.

The law applicable to the deal is to that applicable to the state where the property is located, absolutely not where the seller resides, a NV agent doesn't even need to be involved at all.

When screening applicants you not only screen for ability to pay but additionally your ability to collect when they do not pay.