If the vacancy rate turns out to be more in the 10-12% range, it's still high, and your numbers won't be as attractive, but the property will still be workable {provided it is not trending up as the result of declining economic prospects in the area}.

Given a typical 30 day due diligence period and 60 day financing contingency, I assume you wouldn't spend the money on a PPM until the DD period was complete since 1) you're not sure the deal works and 2) you need the information to complete the PPM for prospective investors.

We started advertising ~4 weeks ago so I don't think we were too late to the summer housing hunting game but now getting too close to semester start... what do you guys do to reach out prospective tenants in this area?

Have a conversation with the tenant prospect and make your own determination.Without a doubt, bad things have or will happen to ALL of us.My best payers have all had credit issues.

Good job outlook, prospects and opportunities?

Hello,My prospective tenant found to have "Offense 1" criminal record, while he has a job in a well known reputable company in Santa Clara county, California, he and his friends are applying for our four bedroom house, other than this, credit score and income are fine.Should I rent my house to him and his friends?

How much do you really need to know before you get started talking to sellers and prospecting for deals?

Begin the relationship on a positive win-win note.As for screening tenants, your reply post suggest your are overstating your thoughts or have been sadly misled.Learning how to have an informative casual conversation with the prospective tenant and then listening more than talking is more revealing than all the paperwork will reveal.

If you are wholesaling work those leads fully independent of anything you are doing as an agent, other than disclosing that you are licensed.Grey areas I can see are if you get a lot of prospects that won't work as wholesales but would be possible retail listings.

(I prefer to have the prospective tenants do the call themselves, so I don't get "but you said the gas was only $xx/mo..." later on!)