Thanks for the welcome Larry, and that is quite an impressive plate you had on your hands when starting out.

Heck, I've even witness some pretty impressive "sparring" among some of the bigger players here and it is REALLY enlightening.  

I get the impression that it is a federal requirement, but that the licensing is done through the individual states.  

@Tom GilesI have never heard of anyone matching 100%.....that is quite impressive. 

I’m sure I’m doing something wrong, maybe.One more question; why would the vacancy rate in dollars be put in the expense column, I was under the impression Rent not received is money not earned not an expense.

@Karen MargraveThat is impressive!!

After I received the response I took a look at the Rent Prep site further and I have to say that I am impressed with the fact that they do actually do the phone calls to verify employment and rental history.

It would be my impression that if the folks are paying either out of pocket, or using private insurance (either a very generous comprehensive plan or specifically a long term care add on or plan) I would think you would be in the clear. 

I'm impressed that you are thinking about building a BP.  

Not only are you creating a bad first impression of your property, but you're taking money out of your pocket and may make it tougher to find good tenants!