As our business has grown, I find I need help with all the tasks surrounding leasing a unit including the leases, rental applications, marketing, tenant screening, online payments, prospective tenant lead tracking, etc.

I have just told a prospective applicant that a prior eviction is "probably a deal breaker." 

Form 3115 is an application for a change in accounting method.

Firstly, from the standpoint of a bank, which has lent out several hundred thousand to an applicant, they most certainly would consider a foreclosure to be 10X worse than an eviction (which often times is due to landlord/tenant dispute versus a few months late rent).

Giving the get rich stuff in the paper game, charging for the education which was how to get the notes to show to them, they'd give a bid and then the note finder has to go back to the holder and go lower in the offer to make anything.As to buying and not knowing the applicable laws, say you bought a note for just 15K, you held it a few months and had problems and started foreclosure.

I have an applicant who has just ok credit (average) but had a few late payments on last lease due to something or other.

I think I may put that in my application.

I have exclusively used Craigslist and get more applicants than I can handle.

This time he never returned.( or rather I closed the window after about 20 minutes).I next proceeded to fill out the online application they provide.Shortly there after a Rep called me back.

If you call them to enter things in your minutes for every contract, loan application, bank account or other matters, you'll be doing more work, IMO, than if you just did it yourself for nothing.