Hello @Michael Dallas,To verify the seller’s information, ensure you request these essential documents:Rent Roll (to confirm rental income and occupancy)Lease Agreements (to review tenant terms)Financial Statements (past 1-2 years, including income and expenses)Property Tax StatementsUtility Bills (if applicable)Maintenance Records and recent CAPEX reportsInsurance Policy DetailsInspection Reports (any recent or previous reports)These will help you confirm the property’s income, expenses, and condition.

We can implement the plan and supply weekly construction reports. 

In addition if you use a title company or lawyer to handle the closing then they are legally required to report the sale to the IRS etc.

Its probably oK but worth calling around and sharing your prelim title report with a lender AND their underwriter to get the thumbs up..

The method of payment doesn't really matter - what's important is that it is tracked in Schedule K-1 and reported to IRS. ...

This means no rental income or loss is reported for the current year, and the $3,000 can offset future rental income or gains.This post does not create a CPA-Client relationship.

Is there a listing service that provides post-auction sale reports for Georgia mortgage auctions?

You can run your own credit report on one of the big three like TransUnion and bring that to the bank.

It’s possible I could get closer to $4,000 in LTR rent but a real estate agent ran comps and reported it might be a stretch / bring higher DOM.

Their credit reports, IDs and background checks are usually enough to verify their identity.