I have a potential tenant lined up that is asking for a copy of their credit report that I pulled.

Almost half of my portfolio has Section 8 tenants in it and as non section 8 people move out i try to move in more Section 8 tenants but i make sure my property manager screens them THOROUGHLY....not with just what's on paper regarding credit report, income and past criminal activity (If any).....I make sure my PM screens to make sure they have no pets, no evictions, no smoking OF ANY KIND and no felonies and we still get TONS of people calling...the biggest problem becomes picking someone from who is left.   

Internet and phone and cable should be in their name so if they don't pay for it, it's not on your credit history. 

Then work on getting some more rentals (maybe even get an asset based line of credit using this paid off property - the note itself will act as a deterrent) and build more wealth before spending time and resources on LLC.Here is another "rule" - the "2% ASSPRO or CYA rule" - the cost of setting up and maintaining your asset protection should be less than 2% of equity you are trying to protect.

A mistake in todays world, with the internet blasted with information, is not a learning experience it is unacceptable.

This distinction if of course most important when you need to use cash out proceeds to pay down credit cards used for rehab or keep the ball rolling and re invest for more flips/investments.  

I have been scouring the internet, evaluating properties, and giving the "Rental Property" evaluation tool on this website a workout. 

I have already discovered they don't answer their phone, don't have website account access and don't take credit cards.  

I have pretty good credit and no debt currently.

Hello,First off, I'm a 21 year old college student with little to no credit looking to purchase my first investment property with my dad.