Do not give them anything until they are out and you've checked on the place. 

If not you can use a bank statement program if you have consistent deposits into your business checking account.  

Did you already return their security deposit without checking for outstanding bills on the property?

When I've sold items on Facebook marketplace before or given things away using my Buy Nothing group, I've always checked the age of someone's profile and any public info on their profile along with evaluating the conversation to see if they pass a "vibe check".

You've come to the right place to learn anything and everything about real estate investing.Be sure to check out the "Learn" tab at the top.

Be sure to check with someone that knows the local STR rules and regulations to make sure you can legally do it. 

Of course we will be running this by our Accountant but was hoping someone here has dealt with a similar situation.  

If we crush the rehab I think we can even push closer to 200Cash-Out Refi Amount: $131k (75% LTV of the conservative 175k figure) Profit if done as a flip: 60k. (175k - 115k purchase price & rehab)Cash Invested: 18k (This accounts for $7,500 for down payment to lender, $2,000 in EMD to seller, lender fees, inspection, insurance, title, projected 3 months holding costs at $1000 per month)----------------------------------------------------------------------------If I do it as a flip, from what I understand, I'll be hit with a ridiculous tax bill (24% short term capital gains + 15% self-employment tax), leaving me with roughly $36k after-tax profit. 36 - my 18 invested leaves me with 18k increase to my net worth.

Hi Kristin,Most DSCR lenders won't check your personal income/tax returns.

Are you going to run a full background check on these people or are you going to just risk your family with renting to a potential child molester or serial killer?