I come from a background of sales with Comcast and a "ambulance chaser" working with chiropractic offices marketing their services to car accident victims.

My RE background includes education: I interned with a small REI firm in Cincinnati while I was in college where I learned a lot about finding deals and a little about negotiating.

What about screening will there be a criteria, or is anyone welcomed regardless of background?

We had no background as property managers, but had a tremendous background as business owners and entrepreneurs.We are now managing just under 2,400 properties in three cities and growing by 500-700 properties a year.

Meaning if to run a background/credit/reference it costs you $20, you may not charge $40 to make a profit.

Welcome to BP.your construction background & contact will definitely help your RE business in the long run.

After walking through the front door all I see is the massive potential of this once beautiful home.

It doesn't sound like you have much contracting or rehabbing background...and that's what it sounds like you agreed to do...

Your problem is your application tool has everything all built into it so applicants must pay a credit check/background check fee regardless when there might be something obvious to you that automatically disqualifies them.

A little background about this property is that it was financed by a hard loan company who foreclosed twice on it from the same borrower, cause he was able to come up w a wad of cash on month 1 and 2 but then just stopped paying all together.