Most people get lost in the data gathering phase and give up. 

Nothing at all unusual about requesting three years of actual income/expense data.  

Yes, if I were in your shoes I would cover the cost of the girlfriend's background document, while having the boyfriend pay his own way.You'll want this info not just to ensure you don't have a problem now, but also to provide you with the deep personal data that might come in handy if you ever have to engage in collections activity against either of them.As an aside, when you purchase a rental property with tenants already in place, you should always demand all the tenant application and approval documents as part of your overall estoppel process.Once you buy the property, they become your tenants, warts and all, so you should know what you're getting into well in advance.

Because that individual will also be renting your investment, you will receive accurate data about rental rate.  

The appropriate method depends on the size and quality of the sales data available and the scope of work of the appraisal.

Hello, I am an investor looking into Pre NOD's and writing a yellow letter however everything I read says:Any time a person markets to credit bureau data that person needs to be in compliance with the Fair Credit Reporting Act.

Establish value - Do this through a BPO, get the comparable sales data for that property, pictures, opinion of value. 2.

@Joe YobaccioYes there are regulations, especially in regards to the compliant transfer of data to the seller and their licensed servicer.

Some areas are very well known in the insurance industry as being extremely litigious.I’ll try to find some insurance industry data by state and post it later.

I'm interested to know where people get their data from when analyzing different metro areas.