You $4000 flooring expense will be destroyed by the average tenant in any neighborhood, but especially in the "not-so-nice" rental pool you describe.

my understanding is even if you only do one flip during your lifetime and have a day job, you have to pay the fed/state/SE tax.it's inventory. buy it, fix it up, and sell it. that's a business - not a stock.that's how the IRS would view it, IMO.

If there are mistakes on it, the renter can inform the credit bureaus immediately.On the other hand, if the landlord runs and views the report first, the renter’s application may be rejected due to inaccurate or incomplete information, which is unfair to both parties.

If you wish to have a public discussion - respect others.I asked you and David to provide proof that the scheme you are promoting works just as you describe it and makes sense for most people.

You really don't need to be that creative - you just have to be paying attention, call on, and be ready to view properties as they hit the market - yes the same day. i don't mean to imply that it is easy - because it is not - it takes time.

Others also offer free Proof of Funds (POFs) in order to help the wholesalers get their foot in the door.A legitimate transaction from transactional funding companies' point of view requires that you have a cash or hard-money C buyer in place and under contract.  

Cold calling can be intimidating at first...but view it as an opportunity to solve this owner's possible problem.  

First mistake, provided a free incentive to please and secure your tenant, you should always stick to the rules, you must charge accordingly, always enforce pro-rated terms, if/as stated in your contract ease terms.I always like to say that an exception, quickly extends into the rule (As a general rule of thing, we absolutely do not bend on any rule and enforce every element (within reason))Another view is that if you are the individual, the owner, the landlord, the point of communication, it is more difficult to distance yourself from the emotional element, sometimes the emotional attachment to the asset, will shut down your business side of thinking for a brief weak moment, you must restrain from that.

I just did a google street view around the property and it seems like there is more boarded up properties than anything else.

Have you viewed contracts you are going to use?