Finally, insist that your property manager place a credit-worthy tenant where the rent requires 3x the amount in monthly income.I’m not a fan of the term “Passive Income”.

I'm getting tired of seeing and hearing of people having a hard time selling and people not creditworthy having a hard time buying.

That's why I charge the first month's rent, one month security for credit worthy tenants, and one and a half month if the credit is not exactly perfect.

The LLC also needs to be credit worthy; it needs to service the loan on its own. 

I would also see what the lease term is, if the spa is going to leave soon/not renew, is the fast food place going to find a new, credit-worthy subtenant, and how fast?

If you are credit worthy, I would avoid hard money lenders.

the more you know your credit worthiness, the better chance you will be able to get approved.Terry

Each member's financial situation and creditworthiness will be considered in the loan approval process.Clear Communication: Open and transparent communication among all members is key to a successful group investment.

Ideally lenders want to see you in a job for 2 years to ensure your credit worthiness but if you can produce a (or a few) pay stubs proving your income and have sufficient reserves, you should be fine.

As the lender, we will certainly be checking their creditworthiness through our RMLO.