Verified income of payor.6.

I decided not to make an offer.I didn't verify this info with the lender, so it could be all hogwash, but I figured i'd pass on what a realtors take on it was.

show me your record-keeping- how do you invoice/bill tenants, contractors, vendors, etc.Leasing- what is your average leasing period- what marketing do you use to fill up vacancies- how many showings do you do every week per property- what is your screening criteria- what is your script when talking with prospective tenants over the phone- how do you show a vacant unit- how do you do a criminal background check- do you check the applicant's credit history- how do you verify employment- how do you verify landlord/rental historyEviction- what is the eviction process in the counties where your properties are at- when do you issue a late notice- how do you talk with a tenant who has not paid the rent- who is the eviction attorney he uses?

You can verify the information in the article by looking up the deed transfers in your county (Sanilac) land records.

I have found a couple that say they do fund individuals, but I have not verified that they actually will.

For NOI you do not factor in debt service.When you are selling debt service will look different for every buyer.You can give an example of debt service when selling to show what returns could be given so much down at XX price.You also have depreciation not included in NOI.NOI is a quick baseline for a potential buyer to look at a property based on a certain return.Having said that the NOI has to be verified with schedule E tax returns and bank deposits.The worse the records kept when you sell the less than can be verified by the buyer and a lower price you will get.The reason is the buyer will then have to price in the risk with a lower offer not being able to verify all the hard data.Is HOA per month??

Did you, as part of your investigation, notice an open/unlocked door or window to a home that appeared to be abadoned and verify the occupancy status?

You want to be sure the seller is truly committed, since this mortgage remains on their credit report and is their responsibility until you pay it off.If you commit to sell the property at $175K, the appreciation belongs to your buyer's, not you.Have you personally verified the $175K price?

Verify everything he/she tells you and use an attorney (even though it may not be customary to use one where you are I still would).

Again, my goal here is to see if I can develop a "top down" analysis whereby I can establish some reasonably accurate and verifiable method to derive a target market.