I've had concerns from neighbors about my rentals and I always try to assure them that I carefully screen all of my tenants because I'm just as concerned about the quality of person that's living there as they are.

Update: the funds show up in my transaction screen but as mentioned, that amount is on hold.

If they were in financial trouble, they may have done no screening of the tenants and just filled the unit with anyone.

I see that they are always advertising at the top of my screen on BP, and other websites.

I'm also in the process of trying to find my second deal after purchasing a 3 flat in Irving Park in 2012.

It is fine as a screening mechanism, but you want to speak with local property managers or other experts to find out how the building will actually operate.

You can screen tenants, collect rents, and do evictions.

Great houses, in great neighborhoods, that priced well rent out to great screened tenants that can be managed long distance.

I can see doing something like that repeatedly would be silly when all he has to do is screen better.

After that a very strict screening process is what you will need to do to avoid the units being trashed.