Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

@Mike DayYou did not mention their credit history report.Do they have a history of late payments or account closures?

Fannie Mae tightened up of late on investment property and vacation homes.

I know that I'm coming in late to the forum question, but wanted to give my two cents.

But lately, I have had several friends and family members saying they would like to invest with me on deals.

In my last post, I mentioned that Toledo has been making some big strides lately and has a become an investor hot spot for out of state investors.

I have two one beds in Class A Bk neighborhoods, and they have not been easy to rent out lately, yes the market is rapidly improving, but it could still take some time to get the units filled, so I would be hesitant to pursue a deal where the margins are so tight. 

I too, have a similar credit situation as you and it's something I've been having to think about lately. 

I’ve seen a few folks purposefully not hiring a buyer’s agent lately in hopes of using the listing agent and getting the inside track that way.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.