Running their credit or background check is fairly simple - there are numerous sites that can do that for you over the internet.

@Brian Gibbons thank you so much for this thorough explanation!

Not really a viable solution to the smaller companies since the software is time consuming, requires an expert to use it, and the software (Revit) costs about 5k/year.Hope the lengthy explanation helps.

Evening @Lance Dengate,There are numerous threads on this here on BP. 

@Jim K.Great explanation!!

Cap rate is only a numerical thermostat to quantify what buyers in the market for a specific type of property are willing to pay. 

There are numerous places where you can find out about local or nationwide auctions of properties where the foreclosure process is complete.Some websites to consider: auction.com, xome.com, and for HUD foreclosures, hudhomestore.com.One thing I like about HUD foreclosures is that they generally have already evicted the previous owner.

Thanks for the explanation @Mike Dorneman!

@Raj G.There are numerous benefits of contributing money to Solo 401k:Tax deduction, this plan allows contributions up to $61,000 per year per participant.

In other words, what are the numerical criteria (or other parameters) that separate a deal into "yes" pile vs the "no" pile?