Here's a detailed guide on how to screen applicants: Application Screening Guide

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

Hi Everyone,I just wanted to take a moment to say thank you for sharing such thoughtful and detailed advice about scaling with the BRRRR strategy.

So many, please message me for details Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Given the details you provided, I personally might not want to settle this in mediation with this tenant however as I'd probably just want a judge to cut through the BS and tell them to pay up and get out at this point.

For example: the multifamily sponsors will usually pay the considerable extra cost required to do a cost segregation analysis and this will increase the investor depreciation in the early years (versus an individual, direct investor who often will skip doing this because of the cost).The advantage of the passive investment is that you don't do any work.

Financing-  build a relationship with a regional banker, don’t shop for interest rates, start small and build history and loyalty they are your team, Cross collateralize, deposit CD/MM or custodial account with bank for loan, give them monthly updates, nail your deal analysis, do stress tests on your deal analysis-cost/interest rate/deal length/ sale price etc. 12.  

Still gathering additional details, but looking to have it under contract within the month.

@Tyler Rabanus your analysis was in the right mindset (covert the garage, renovate to add value), just this property was not working.

And knowing a thing or 2, I'm gonna assume you are good at the details, and at managing paralegal team.