Perfect example: During the due diligence period on one of my properties, we discovered that the wiring had been stripped from the property.

We have about 1200 active local investors (my personal estimate) and the institutionals.

The sponsor had an institutional equity partner that was forcing a sale because of total mismanagement. 

But it's important not to get your heart set on something based on a Discover card statement or Credit Karma if you are anywhere in that mid-range from about 580 to 740 that about ~80% of consumers are in.740+ is the best rates for conventional conforming. 760+ is the best for PMI.

But if the person works for an institutional lender, it shouldn't be hard to do some due diligence on them. 

While under contract we discovered one of the tenants has actual died recently and the family has been paying the rent while they decide what to do with the tenants belongings.

., guy had used 70feet of plumbing PVC as underground conduit from the pole that had to be removed & replaced at his expense after we discovered it & had the bldg inspector write it up.

What is everyone using as reason for denying applicants based of off information discovered off of Facebook?

If they could pay the same and stay in a furnished house, they would.You mention the medical and educational institutions. 

You can self-educate through books/podcasts and on-the-job training/experience, but if you truly love finance and want an institutional environment, go for it.