I just send them the list and approve the proof of the custom letter they design. 

The burden of proof is on you to show that the LLC operates separately from you, otherwise it's status as an LLC is at risk and you have an angry uncle Sam after you.

I had one a few weeks ago.. same scenario  would not say they were wholesaler then said it was for them personally and uncle was going to put up money.. then some guy e mails me from the same state and says he is a HML and the buyer is approved but no follow up or proof they are one.. but all the while trying very hard to get me to sign there contract that has an asigned clause in it.. which of course is fine i do the same so i can take title in one of my LLCs  its just a stain on the industry it really is.. this thought process that its SNAP flip and your going to make money not only is it illegal in every state the way these folks do it.. but its just bad business.. dont like it personally

Lets see ............evicted them ...............sues for slip and fall 15 months later .Their burden of proof is rather highI wouldnt lose sleep over it .    

Alex,One suggestion to help with issues down the road is to make sure you get Proof of Insurance on all the contractors you bring on site. 

I have to jump on that bandwagon.While there isn't anything truly "recession proof," there are investments that are resistant to the effects. 

Any idea what sort of "proof" they would be looking for? 

By full evaluation I mean 1) Gather real proof of income, 2) Determine expenses by working with advisor and/or property manager, 3) Determine mortgage with 2 lender reviews, 4) Confirm cap rate, 5) Determine CAPEX by getting contractor quotes.

I also have a very investor friendly agent out there and property management company as well, BUT you need to show them proof you are -pre-approved first.Also there is a meetup that I believe @Jason Pabon     is doing this Thursday night in Oakland at 6pm at 2001 Broadway.

This way you have a proof of concept.