NOT THE EXACT NUMBERS SO VERIFY FIRST.Its killed a lot of the guys that buy and rehab dumps in PDX

I've done some verification and I will certainly do my due diligence to verify the buyer but for the purposes of this post, I'd like to focus on the deal structure.

. #4 - As far as asking about the employer questions, I'd just verify that he's employed for starters.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

If you have underwritten properly and if you screen diligently, trust little and verify a lot, it can be a very rewarding jurney.

Hi all,I am looking at a property in the City of Chicago, that I am pretty sure was a five unit building and has been converted to three large units.What is the most reliable source for verifying the number of legal units for a property in Chicago?

The bank holds the repair funds in escrow, and only pays a draw once an inspector has been sent to verify the work is completed.

@Darrick Lowe In addition to all the above, I suggest a proper background, credit, criminal and eviction check, by a verified company before renting to them. 

However, a 4.7% cap rate property with 2.8% agency debt frees up a lot of cash flow even if collections head in the wrong direction (always want to verify DSCR, break-even, and default ratio though). 

Do speak with your lender ahead of time to verify; I do know that used to be the guideline.Good luck!