I have always lost money when I haven't done my own screening etc. 

We conducted a careful screening of the tenant, she passed with flying colors (Via Trans Union's My Smart Move by the way if anyone is interested).

Grow up.Lost the text  I will try againI guess that you dont screen any tenants , since lying isnt a concern of yours If someone "loves" their pet , they would never sneek it into a NO PETS rental .Being nice is costly , I tried it in the past , I always got screwed , it cost me money . 

We've worked with a number of investors over the years that used us for the exit strategy.You can certainly find cash buyers that will buy the houses and utilize your lease option program as an exit, but it's not as simple as that.It sounds like you are looking at doing this from the aspect of helping people, but something I learned early on was you have to get thick skin and also learn very well how to screen people and for a lease option to work, you really need to become knowledgeable in mortgage guidelines.If someone has $300 to put down, they aren't going to buy a house.From the cash buyer perspective, they need equity and a return on investment.Yes, we help a LOT of people with our LO program, but for it to work you have to approach it first from how to structure the lease option properly, which means the numbers etc.If you first approach it from how to help people with bad credit, you will get burned, and so will the cash buyer.

I shouldn't end up with crummy tenants as a result of this because I'm still going to screen them.

Kyle J.thanks for the response. i may just follow up with them next week and ask if it has been replaced. if not, i will have it replaced and bill them. may not get refunded.....i like to have them responsible to some degree or they (some tenants) will call about everything. they have called monthly so far about one thing or another. this proves the point of good screening, but that is a lessoned learned. i have been understanding, but dont want monthly calls about everything and need to hold them accountable, but i agree. i also dont want them to ingore issues not tell me.thanks Kyle.

For instance, you could agree to let his mother and her dog stay, if he agrees to sign a new lease and his mother agrees to fill out a rental application (and pass your screening) as well as pay an additional pet deposit.

I had a couple different ideas and would love to hear some opinions on this concept. 1) I market and pre screen sellers and charge a premium bird dog fee to local wholesalers.

Definitely want to do it but overwhelmed a little.Advertising, screening, thinking of all the what ifs... wish I could fast forward past this part!

I believe that an LLC is in many cases for smaller property owners, an unnecessary extra that only adds expense and complexity that is not required if you only own a property or two.