Pre-approval and even Approval will help you close a deal easier, especially when you can provide proof to the seller.

Standard screening would have done away with it.My opinion: If I bring proof that a person used a false name on an application to the LTB it should be an instant 12-hour eviction. 

Yes there are places like Texas that are more recession proof than somewhere like New York but just remember that you can surround yourself with a team to help you even if it is across the country.Just in my opinion I would avoid the following if you do not specifically live there or do alot of deasl in the market:HoustonMemphisParts of FloridaThe New England StatesTo each his own, just my opinion from what I have done in the past.  

As a contingency, I required proof of the cancellation of the cable contract, to which he complied by providing a letter (on his letterhead) with a cancellation number cable company gave him.  

The thing I hear probably the most is to just get started and a find a bunch of people (Team members) that are willing to help you as you grow and worry about being income productive.Another thing you ought to get done before you start making offers is to get a pre-approval loan letter that states how long it should take them to close their loan and the maximum amount you qualified for or proof of funds you might allready have.  

Now he is providing legal advise.A claim of theft is in no way proof of theft.  

Also curious how to handle proof of funds (with offer) with 3 to 4 private loans? 

More proof of governments gone wild in their quest for more money!

I suspect this dude makes a good portion of his money out of release fee's.. but there has to be an end date  i would suspect other wise the person doing this would have some major liability.. if someone ever did that to me I would sue their butt straight away.. but then again most wholesalers would never get into contract with me in the first place as I would vette them out and when they could not proof up I would not accept their offer.

Gateway cities like San Francisco and New York have long been favored by real estate investors, because they are fairly recession proof and tend to be insulated from job loss and declining property value during economic strife.