I'm not sure what access they give to non pro/plus members. 

Team,I usually invest in firsts but lately I have been seeing some non-performing seconds where the firsts and performing and the second has enough equity for a full payoff.  

I would hope that they are providing some sort of disclosure statement, and as far as Ernest money, I'm not sure but I know I would have to come up with a check for 5k non refundable EM to the wholesaler if I want to hold the property.

@Lynn M.I will agree that a tenant with good credit is better and playing the waiting game is a better strategy for many property owners, especially for properties in high demand.For those who own property in less desirable areas where the applicant pool is smaller or in situations where paying the mortgage without collecting rent would put the owner in a bad financial position, I think simply checking for judgments and criminal records is good enough.Of course I'm willing to accept a higher degree of risk than most property owners because my costs are lower due to the fact that I process my own evictions and many times do the clean-outs/repairs myself.I've learned that it is good idea to at least check for non-existence of rental judgments because that is a sign that either they will leave the property when asked or that they've never rented a property before in their own name because they are young.

Here's a few links:http://www.newyorkfed.org/householdcredit/2014-q2/data/pdf/HHDC_2014Q2.pdf http://www.rcm.company/non-performing-notes/

On the NON real estate front...

We also have a few addendum pages - A page of emergency numbers and non-emergency numbers for local police, fire, utilities.  

Every loan officer on the planet is going to tell you to "build good debt" to replace "bad debt" or a non-existent credit history. 

I have not been able to focus at work and my productivity at work is....let's just say, non-existent.

Just too much risk for my taste.If you already have millions say 5 million and your capital exposure with this project is 500,000 to land non-recourse finance then you have a 10% overall capital risk.If you have 1 million and you are dropping 500k then a 50% capital risk.