The Fair Credit Reporting Act (FCRA) requires specific things be done when there is an ADVERSE outcome based on information received in a report from a third party information agency.

Websites, IDX, syndication, prospecting utilities and more, the platform offers the complete real estate marketing package.

If you are buying properties at the end of Q3, you are going to have fewer "eyes" on your rentals; however, by purchasing early in the season (start of Q2), rehabbing and getting it onto the market (whatever you do to find renters) by mid-Q2, you have a lot of prospective tenants.Again, the numbers work or they don't, but if you are getting a great deal in December, make sure that the relative discount covers carry costs in the event you cannot get a wonderful tenant in the first 45-60 days.

(if you are wholesaling that's not something you can guarantee)  It is also hard to advertise a property to prospective buyers when its listed with an agent.

@Dane Fossee To answer your question...Excellent Score 750 - 830Good Score 660 - 749Fair Score 520 - 659Poor Score 363 - 519However, using a credit score to determine the strength of a prospective tenant is a minor piece of the puzzle.

When posting things like ads and bandit signs to get prospect properties to wholesale, there is a possibility that some of the callers responding to my marketing will be condo and townhome owners looking to get out from under these properties.

A lead is nothing more than a hint that some sort of business might be possible, it isn't even a prospect where the targeted party has expressed an interest in a particular business transaction and a prospect  is not a customer or client until they agree to transact some business with you.

My biggest worry with a Section 8 housemate is that the individuals reason for needing assistance would be something that would make them a challenging neighbor, and you are not allowed to ask if a prospective tenant has a mental illness. 

Heck, offer to pay for a haircut and see if your prospective tenant is any good at what he does! 

And yes, I would trust my accountant friend to receive the proceeds from a real estate transaction and place the money in escrow in such a manner that I never touch it,  hold documentation for three prospective properties, and later release the escrowed funds when I close on a property or fail to close on one.