Instant Guaranteed Approval.

They couldnt' get their money back because there is NO guarantee unless you can prove you've done a deal.

If you're buying it for $35K straight off the MLS, and it needs no work, I can pretty much guarantee you its worth a lot closer to $35K than $70K.

If you go overboard in your choice of finishes, there is no guarantee you will get that back in higher rents.

Don't even think married, X's, kids, child support or anything else on that score.Credit scores, assets and financial history are just that, history, and are no guarantee of future performance.And while there are many other considerations, many already noted, on just the OP's question, listen to the applicant answer the question "why are you moving or are interested in my rental."

If you want guaranteed information, you'll have to pay.Nobody can tell you whats owed except the lender and the owner.

In that time, I have been very successful and chose to make this my focus because fo the market conditions here: Abundance of buyers, affordability level of homes, lack of inventory, and abundance of REO properties at great discounts (if you know how to find them and get them before others).I prided myself on hitting large profit margins, usually $50k or more per flip net before income taxes, but on occassion, could take smaller margins due to the almost guaranteed fact the home would sell instantly and for full price.

With commercial, you are all but guaranteed to have a higher down payment (30%-35%) and have a shorter term (15 years is typical) with a balloon due anywhere from three to five years down the line.

The same holds true for loan guarantees like FHA whereby buyers don't have any real skin in the game.

Eventually , with the last contractor , I had the brains to finally draft up a contract that dictates every step of the way, and guaranteed a certain level of work to be done by certain time frames or there would be payment penalties.