They check credit, criminal, eviction, employment, and residential history.

As a new landlord it's hard to know what to look for in an applicant's history and what questions to ask.

Renting as a social institution has been around since the beginning of human history.

But, at 35 I started my first flip, and some 20 something flips later, we saved enough to buy into a 72 unit campus property with a partner (we have the minority part of the LLC), and we also have multiple buy and hold properties; one house, four 4 plexes, and ownership 50/50 in a 5 plex and 8 plex with our son and daughter in law.

The other two people had better references and rental history but with roommates it's the weakest link that's the most important, as I've learned.

I like buying existing notes vs. making loans because the regulations are less stringent, and I feel that we get to do more due diligence on buying a note then we do in making loans because we get to examine a payment history on top of doing an appraisal, title search and credit check.

Buyers of that type of home are not interested in the history.

I just learned that one of my tenants in Buffalo has a history of never paying for heat.

This is a comparison I used with one of my daughters when she was dating 1 schmuck after another.

Taylor,Two methods that have been effective for me is using an application that details their financial and residence history.