In most cases, neither is warranted.Warning: I am not an attorney, and this can be a complicated topic.

THank you .Btw this is for flipping -not renting out 

If you feel that this is something that will benefit you in the long run then, why not.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

Here's a detailed guide on how to screen applicants: Application Screening Guide 

I’m not saying this is the best thing to do, but I recently started out and you sound a lot like me.

Hello I'm hoping to get some insight on if this deal structure makes sense.

Please give me feedback as this doesn't quite fit into typical calculators and I'm not confident with my current calculations.I have signed an off-market Agreement of Sale (executory contract) on a property in the Phoenix suburbs. 

I do not think this is a one size fits all answer and there are times where private lending is preferred over traditional financing.

A lot of new builds have been popping up on the same street after having lots subdivided, so I do see quite a bit of potential in this property.