You can simply say no, but if you’re honest and have a good reason/explanation for the answer the the tenant is going to be happier about the outcome.Be clear upfront about expectations and that you will hold them to their agreements, this solves so many problems before they even happen.

Thank you for the explanation.

I can't see the benefit.I'm clearly a newbie, and I would appreciate a simple explanation, because I'm stuck and I'm getting frustrated in this refinancial part!! 

These all require applicants to submit an acceptable Letter of Explanation addressing each specific issue and occurrence.Rental HistoryBecause a current landlord may say anything to get rid of a bad tenant out of desperation, we also require information for the previous landlord of all applicants.

@Wale LawalThanks for the explanation, that structure really helps!

I've read David's BRRRR book :)@Marcus Auerbach Thanks for the detailed explanation.

For the video  "real estate wholesalers are screwed, more regulation coming in 2022 go to you tube for a more detailed explanation of my earlier post "Realtors want wholesalers out of the picture completely.

So, I'm just offering an alternate POV + explanation here ... that and occasionally stirring up trouble with all the "cash flow is king" investors out there for fun & educational purposes ;-p In that spirit, I only paid $240 also, but they were only renting for $2k at the time ... but what do you know, today they are worth $450 and rent for $3k ... look at all that "dead equity" the market has created for me, I must be one heck of a lucky guy, LOL.

., one of the most succinct explanations of LLC's I've read. 

While I appreciated that she did not attempt to insult my intelligence - unlike her son - by denying her involvement in that, her explanation for allowing a third party to place such a sign on our ~$250,000 property left me underwhelmed.After discussing it with my partner, I made Jekyll a generous written offer to make things right to a - reasonable - point.