Seems a couple of weeks ago this was turned on for my account, although I did NOT do it!

if you don't know what this is, look it up.)how it benefits you: you pay yourself back - you pay back the cash you spent with the cash from the brand new loan.

The information contained in this post is not to be relied upon.

This way I can see pictures of the applicant, their living conditions, people they're associated with and their job.

The reality in this market is that you would likely not have any funds left to return to them since it is unlikely to get re-rented so soon.

@Naresh Yegireddi- This is above my pay grade but I was reading an article in the Wall Street Journal today about how the highest-earning 10% of Americans account for more than 50% of consumer spending. 

In short, this would be an entirely appreciation-based investment.Given the state of the economy today, with high interest rates and the seller-buyer lock out effect, I want to discuss the pros and cons of this investment at length, specifically in the context of all the other properties / neighborhoods that I have been evaluating. 

I don't know if credit unions can ever do this stuff?

(And then any state implications)Given this isn't pennies we're talking about- working with a qualified professional to help mitigate the tax would be your best bet. 

Was this strictly an investment for you or are you looking to owner occupy your purchase?