The county verified this to the HOA.

In fact, it actually requires that the person raising the capital to be much more responsible (and hence more liable) in their due diligence on making sure the investor truly is accredited.There are also requirements of:1) Notification to the SEC15 days before use of the exemption2) Another filing within 30 days of completion to the SEC3) Additionally, disclosures will include expanded information on the issuer and the offered securities, the types of investors in the offering, the use of proceeds, the types of general solicitation employed, and the methods used to verify the accredited status of investors.

Then you are in for verifying accredited status and maybe audited books.Saving you some reading: some states like NC, GA (??)

If I determine on the phone that they can't produce the tax records I'm just going to tell them I have to pass.A person with a "normal" job could get fired too.Either this applicant has verifiable income through tax records that can meet your income requirements or they don't.

If you do rent make sure to have you or your handyman walk through the home monthly to verify repairs and conditions.

Definitely verify those too before moving forward.As an example, if the ARV was $500k, then $500k X .7= $350k - $100k rehab = $250k max offer based on this figures.

Ronald Reagan's quote "Trust but verify" comes to mind.

You can suggest to the current owner to try and do at least something minimal to stop the leak.Tell her about the mold issues that could arise and affect his/her health if left unattended.Write into your short sale contract a special clause that requires a secondary inspection to verify that conditions of the property has not deteriorated since the original contract may serve as a motivation for the owner to do something to have you not back out, of course, the flip side is you may scare them off with such contingency.

I've seen it hundreds of times, absolutely they lie or forget, they doctor their little black book, the only way to get payments verified is with bank statements.

Verify everything.