I am presently taking applications for a new tenant and going through the screening process - my 1st prospect did not pay the $25 app fee but provided me the 1st page of their credit report of 702 & 709 credit scores and provided their SSN and all the other necessary contact information. 

@Joey Rodriguez I'm looking at investing in foreclosure property, maybe you can share some tips or two with me.

Thank you for the tip though I think it's a great idea if there are new investors out there looking for a way to get started!

I guess their daily routine involves littering their q tips.  

I wrote a blog last week with some tips about this.

However, most of the time the lender is going to require another appraisal meaning another appraisal cost paid for by the borrower.Do you have hard money loan tips or questions? 

Like the zoho.com tip.

Feel Free to reach out with any tips and tricks and I'll surely reciprocate when I learn enough to be helpful!!!

A lot of good advice from the folks above.As with everyone else I am in agreement the Reserve Funds, Special Assessments, and mismanagement of association funds is the biggest financial risks.Next is the additional fees, app fees, move in/out fees, access card fees, background check fees, pet fees. 

are there any investors who have made this business model work and can give me some insight on this to consider and tips on how to make it profitable and beneficial for these neighborhoods?