I am looking for information re screening applicants as it applies to the Fair Credit Reporting Act. 

I'm new to this as well but the only way I get deals like this anywhere near 12% cash on cash is if I apply the 70% rule to the purchase price.ARV (after repair value) x .7 - cost of repairs = max offer price.You should be paying closer to $100K for the cash flow to be right.J

So, naturally, im considering doing a FSBO. 

The issue is that I just moved into an apartment so if I apply for a mtg, I don’t want to commit mtg fraud, but I also wouldn’t have enough potentially for a 20% down payment for a rental property loan.

Or is it better to just rely on a good handyman or repair person on staff/retainer/rolodex.As @Joe Splitrock said, I have found that the adage of "they don't make them like they used to" seems to apply to most mechanical and electrical devices these days.

When I was applying for financing I used a Mortgage Broker. 

@Cody SkidmoreShould you decide to utilize the ROBS 401k to finance a real estate operating company, the following requirements from the real estate operating company side of things will apply.

There are literally entire CLASSES devoted just to the notion of discounting and how it applies to investing, yet Gallinelli attempts to explain it in one paragraph and then apply it to real estate in another page or two.

If they are in the major and popular market it naturally leads me to question the underlying assumptions.

I'm looking at some nice areas in Tennessee that are a couple hours from major cities, but may be near scenic and/or natural attractions, and slightly "larger" smaller towns, like the county seat.