Some areas it makes sense to buy houses that needs work and other time short sales are just as cheap for no physical labor just paperwork!

Also, personally meet (physically) with each of them (this tells them you're serious).EVERYTHING RESTS on (1) the quality of the DEAL and (2) the quality of your REPUTATION and your ability to get deals done. 

If it is a physical address, and not just a mailing address, verify if he is actually at that location.

I do ask for a DOB on their application, driver's license, SS#, along with a bunch of other info, emergency contacts, vehicle information, pet information, employer, previous landlords etc etc etc...Then later on we execute a lease.Recently I have been toying with the idea of adding a clause into my lease agreement, to incorporates the actual application into the lease. 

Do I physically have to own the property with other financing in order to get it under contract? 

@Lance Stull You can wholesale in another state, you just need to comply with the state laws where the real estate is located.I've found it's much easier to wholesale locally, as I can evaluate the physical condition and location of the building much better.

I then have separate checking accounts for each of my physical properties for inbound rent.

It pushes a person both physically and mentally to their breaking point.

I'm currently trying to figure out exactly how I want to incorporate VA loans into my investment plan.

Physical - A thorough inspection of the site, inside and out of all units and grounds.