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?

For practical purposes, I would hire someone with a truck mounted rig since it is questionalbe whether you could depend on someone with a portable to take the necessary time.

It seems to me that the real truth is that if enough of these properties were sold at sizeable losses all at once it would overwhelm the bank's reserves for loss allowance, and would require that many banks either recapitalize or fold.You can call it conspiracy - or practical reality - but the US regulators are allowing the banks to hold onto these properties in a limbo state in order for their losses to be slowly absorbed over time against other income.

I wouldn't do this deal today as it is way too thin, practically retail, and I can now do much, much better.

Of course, so did basic supply-and-demand theory put forth by Adam Smith -- that made perfect sense as well...in a vacuum.But, none of these theories have held up long-term when put into actual practice.

And if your mentor is a practicing and active real estate attorney, even better.

UPDATEThe seller dropped his price to $32K...but the contract is set to expire Wednesday...although he said he is willing to extend it until the end of April.Even though I understand that the rehabber will benefit more than I would on this deal (as s/he should as they are taking on more risk)...what I don't understand is why in the world would they expect you (wholesaler) to practically GIVE it away?

Most high-volume agents will do anything to get away from the signing/scanning to save valuable time, but not that relevant for your immediate situation.Also, if there turns out to be several initialed revisions through a counter-offer process, it's good practice to create a "clean" final version of the contract at the end of the negotiation and have all parties sign.

That is practicing real estate without a license; which is illegal.In addition, you should not be showing the home to prospective purchasers. 

The central focus of the article is how the 20 year job with a retirement plan and a pension is practically gone, and the gig economy is now taking over the market place.