Of course these will need to be verified during the due diligence.

Not that I'd ever consider being a rebel or anything, but how do they verify one year occupancy?

Hi Paul Cox:Make sure that your Purchase Agreement includes provisions allowing you to review (and approve) certain documents and have certain inspections done prior to closing.For example:* Verify actual income; review rental agreement.* Confirm deposits.* Review rental history.* Conduct a thorough interior inspection.* Conduct a thorough exterior inspection.* Request any service agreement (contractors)* See if the property is in compliance with codes and zoning.* Get 12 to 24 months of income and expense statements.* Review utility bills.* List repair costs to use during future negotiations.Hope that helps!

The title policy verifies clear title is being transferred.

And the fires in Colorado Springs evacuated the corporate office of the place my wife works so they couldn't reach someone when they called to verify employment.

(This allows someone with a past work history who is reentering the work force with verifiable employment beginning within 6 months to use that expected income) Any expected income counted then requires the borrower to have 6 months reserves of PITI.The notes to be used would be standardized at a fixed rate.

In Colorado it is the buyers responsibility to verify sq footage.

And you shouldn't trust anything about what I say without verifying, except my asking price

Not only do I require that the tenant gets all utilities in their name before move-in, I VERIFY it was done by contacting the utility companies (or by being contacted by the utility companies for those where that is the normal practice).

Don't assume anything, verify, verify and then verify. :)