As part of my role, I assist landlords in reaching out to employers directly or utilizing third-party verification services to validate employment information.

Also, you don't get to inspect the property or do a title search so there's no verification of a clear title which would make the property difficult to move.Love the strategy though!

We kept the evidence as well.We should have that information, we did a credit check and income verification. 

That's one way to get checkbook access to your retirement money.Your financial / legal professionals should be able to to help you set that up.David J Dachtera"Success is not a destination.

In this case no properties have been located and it's been almost 6 months.I know 2 people who are into this guy for varying amounts, let's call them Eric and Bob, keep in mind that both individuals attempted to contact Powers on at least a weekly basis, here is the timeline:June 11th:Eric and Bob both wired $20000 to USA Income PropertiesJuly 19th:Eric was offered the opportunity to to fund a promissory note for $25000 with a due date of Oct 15th, he didAugust 26th: There was a property "located" and Eric was asked to submit an additional $20000 deposit to fund the property (these are distressed and typically fall in the 60K range, the idea is that the funds from the promissory note + previous deposits would purchase the property)September 29th: Bob informs Powers that he would like a refund of the deposit, keep in mind that the deposit contract states the following: """Either party may cancel this Reservation without incurring liability to the otherat any time until such time as both parties have signed a Binding Agreement toPurchase and all contingencies in said Agreement have been satisfied.In the event of cancellation by either party, the aforesaid deposit shallbe promptly returned to Purchaser without charge."""

Sometimes, they also require periodic re-verification of your ability to pay, which is when they may be most likely to be called or frozen.If interest rates get as high as they did in the early 80’s (which seems a less ridiculous possibility now than it did 6 months ago), you can expect to nearly double the monthly payment above.  

Township will make you do a chimney verification form, it's basically a waiver of liability on the towns/states end. 

As long as they meet the income requirements, credit and background checks and have favorable landlord verifications then I would rent to them.

At this point if I have to wait to to go all cash of my own, depending on the location, it may worth it.

In my experience, the SEC is not trolling to find Funds that are out of compliance.In my experience, most investors choose the third party verification test to prove accredited status.