A few points of clarification:While, yes, the tenant does have to verify their identity, the results are instantThere a handful of benefits to this method:The identity verification process does, just that:  It helps to determine the identity of the applicant, by asking questions that typically only the applicant would know, adding an extra layer of assurance that the person you are dealing with is not under a fraudulent or assumed identity.Landlords do not need to go through the site-inspection process, they can get up and running right away.  

We have notified the realtor that we hold him responsible for the deposit because he assured us he would collect the deposit payable by cashiers check.

Bought a few empty lots near downtown to put a container apartment.Got a professional team.Now, I'm scared out of my mind as I start pouring in money and success is not assured.

Once you start building, the city might require to upside current adjacent roads or bring them up to compliance.

Is it an assurance that they do perform on A+ level?

For the latest funds, We paid $10,000 to our securities attorney for the PPM, Operating Agreement, Subscription Agreement, Reg D filing, first 10 state notification filings, ongoing compliance monitoring for 12 months, and general advice regarding our compliance options.

But it's what most lenders feel is in compliance with Fannie Mae for a second home loan, as opposed to an investment loan (where the interest and down payment are much higher). 

With all this said, you are probably looking at a few thousand dollars just for the preparation/compliance work based on your description of the situation.

I am not too phased making money on this property now, as long as rest assured I know the lender and the down payment pvt. lender and all the holding costs etc gets paid each month for the length and longevity of this deal. 

She and her husband stole 100K of my home refinance money when I was incapacitated and looked to my family for help ,and she assured me she would have done it for nothing but it cost me 100k.