Here's what we do (copied from our website):Screening ApplicantsPoor screening often results in lost rents, legal & court costs and costly damages.Screening of applicants includes the following:Full credit/eviction/criminal checks are done, instead of score-driven reportsVerification of rental history includes validation of actual property owner to avoid fraudVerification of stability of income & employment via YTD paystubs & W-2(s) (analyzed to confirm not fakes)Income is calculated 3 ways to spot stability anomalies: pay period, YTD average and YTD + W-2 average.Debt-to-income analysis (more accurate than traditional 3x rent requirement)Bank statement to see if NSF issues, if deposits support income, prove MoveIn Funds, also analyzed for unusual transactions.Pet screeningHolding Fee required from approved applicants to make sure they are serious, before your property is marked pending.

3) Signatory on Bank Accounts - PMC's do NOT open up bank acconts for each property they manage, unless it's a medium to large apartment complex.

Hey Chris, Just an update for you and anyone else who comes across this thread in the next 9 years: My plan on the loophole on the hazard abatement might have worked but was risky and I don't think would have held up in court.

This allows the purchase to act like a normal purchase transaction and avoids all the construction complexities. 

But that could also drive out a lot of other little guys which makes for an opportunity.If you are willing to do the really hard work of driving for dollars, going door-to-door, digging through court records (like probate), and looking for deals that technology will not turn up, you could be the winner in the end.

If there are any investor currently investing in this condominium complex please reach out to me. - Dharmesh Shah

Hey BP folks,Was hoping I could get some insight into the below deal that I currently have under contract, where we are looking to turn a vacant 27 unit apartment complex (45 beds total) into an assisted living facility.

The search link should be found at the link below: https://www.pacourts.us/public-records/court-case-information

As you grow, if you get into larger and more complex real estate transactions, you will DEFINITELY want to have experts on your team.

It's a complex topic, you can definitely learn more about the basics from YouTube videos.