When dealing with multi family, you always want to get proof of tenant histories including payment history.

What would you suggest I do if someone asks for proof of funds but I plan do to a dry closing?

But I have proof that 'institutional' buying is real where I am. 2) These "players" came out of no where and started buying...

Unfortunately, what Bill said is not true in California.According to multiple attorneys I asked, a lease cannot be bk-proof, even prior to the lease being signed.A signed statement from a prospect also does not stop the landlord from being named as a future creditor.Basically, the old rules still apply- screen well to minimize risk.I met the prospect today, and she told me her husband and son just went to an MLB baseball game.Yeah, now I know why she's planning to file for BK.

There are ways for you to live a comfortable and happy life with a judgment hanging over your head, but you want to avoid the whole mess to begin with if at all possible.If you're interested in more details then I suggest you speak with a local attorney and ask them how to become "judgment proof."

All buyers must have pre-approval letter or proof of funds and copy of earnest money with offer.

Give them proof that you will be a "ready buyer", meaning you have the necessary funds available and/or the minimum requirements in order to get the deal done.  

Can I add a provision to the TEC that requires the presentation of a written agreement in order for it to be binding and that, absent this proof, a month to month tenancy will be established at the disclosed rate?

Does sound proofing walls work?

I paid those bills and have proof of payment from my bank.