NO, We were just curious as to wether or not we should place bids first when were not sure if we have the funding or not, or do we wait and collect the funding first than place the offers?

If they want to apply I would also need to collect a check from them to pay for the SmartMove credit/background check.

I later I put it into a spread sheet so when I come across something I can see who would likely be a buyer.I also have a instapage through go daddy (free when you purchase a domain name) with a form to collect info.

The first thing you need to do write out a brief bullet-list synopsis of your {collective} vision and plan - no need to be overly philosophical here {things will change}, but it is essential that you all be on the same page.

That way you would collect about an extra months worth of rent during that time period that may make it worth it for you.

Nadia,If you buy homes in the lower range of CA prices ($150,000 - 250,000) and you offer your tenants a rent-to-own contract, then you would only be collecting rent which may not conflict with religious rules against interest.If you offer the prospective tenant an option to buy the house within a fixed time period (usually 2 - 7 years), then the tenant will have more incentive to take good care of the house.

In addition, you may have bankruptcy risk which would stay any of your collection attempts.

Fast forward to May, 2016, we're actively collecting information from others who have had the misfortune of investing with Yancey Events, with the intention of filing a class action suit.  

I am hoping to go to closing and collect payment.

Collect their application fees and screen them against your written criteria.