(the applicable statutes here are 45.031 and 45.0315).During that 10 day period, the new owner of the property can't do anything with it (no borrowing, no sale, no possession).And of course in a judicial state, the borrower can redeem the property at any time prior to the foreclosure.

Assuming a tenant has been screened (e.g. income, credit, rental history, criminal background, deposits, etc.) and is deemed qualified per the respective rental criteria, is it common practice to ask a tenant to subject to an inspection of their current residence prior to final approval of application?

You can put anything you want on the marketing piece.Maybe having "Cowboy Billy is gonna Buy YOUR House, LLC" then having a logo of a cowboy lassoing a house might be catchy for a seller but you might feel like a jackass sitting down with a banker and putting that down on an application for a $500K line of business credit.As others have pointed out in the end this sh*t doesn't matter all that much.

I would call these weakness:- Rent not due until move in day- No lease- No rental application- No reference check- Accepting unemployed tenants- Not requiring deposit- Not telling them what you expect.

If they are scared off, then that will save me from dealing with their pets.I just wish those with criminal records would get scared off when they read the criminal requirements of my rental criteria; I still have had to reject a few recently based on criminal record that did not comply with the criteria that I gave to them before they even looked at my application form.

Things like stair lifts, grab bars, tub cut-outs, ramps, etc.I had an applicant who inquired about the lift for their son.

Now Paragraph G.7 reads: Before or at closing, Settlement Agent must receive from Borrower cash or other good funds (as defined by Applicable Law) sufficient to pay all amounts shown on the Settlement Statement as payable by Borrower.

.)- General Contractor Insurance (Applicable if your investor is also a licensed contractor.)- Umbrella Insurance Policy (Good extra liability coverage for a variety of situations.)- Refer them to a qualified insurance agentWhile the list above presents a wide array of potential insurance types for real estate investors, depending on your clients’ circumstances, additional policies may be needed.

Your loan application will include all kinds of disclaimers of liability.

I'm having an open house viewing so I thought this would be a good way to screen out anyone that is not worth the time and effort of going into a full application process and also thought it would be a good way to keep track and review everyone that comes through.