I would advise you to approve this applicant unless there is a strong, objective reason not to - such as eviction history, a recent criminal conviction, or their income (including all disability income) is less than whatever standard you have used for all of your past tenants.  

He may also be willing to pay you back entirely to save his reputation and avoid prosecution for fraud or acting as a GC without a license. 

If you get a NOD in the mail on the first and you as the investor just make the first payments you eliminate all those expense. and you then prosecute your foreclosure on the second.Now if you and your friends are buying very low value notes behind very low value first that's a nother kettle of fish.

Whilewe wish them well in the future endeavors.Someof the poorly written rental regulations that need to be revised andchanged include the following:EliminateNo Criminal Background Checks.

Other than that (from what I read) it really doesn't protect you from liability if you are managing the properties and a court can order full disclosure of property ownership for a number of different civil and criminal complaints.I may not be a 100% correct on this.

The case literally had to do with AZ’s ability to determine fraud despite the AK Domestic Trust Act in relation to criminal activity.

I have talked through all this with another student and he feels like what they are doing could be considered criminal and is talking to a friend of his at the FBI.

I have called other Prop management in the area that we're recommend, One person told me we don't do background checks we only do Criminal Checks, and we don't do Credit checks.

And when you do, please cite the specific statute that he was prosecuted under.That's all I've been asking, and while you claim to have plenty of examples, you don't provide any.

I thought I had helped the community by buying the houses criminals were using for their illicit business.