Yes, I would pay more than I offered, but of course I wanna steal it! 

By the 50% rule, you are saying that my operating expenses are $1,600 to maintain an identical unit.

They can verify their identity through their phone number (text messages, emails, ...),  another social media site (facebook, linkedin, ... etc), various forms of IDs or credit cards.

Get a steal or go to the next deal.

I did some research on the wed and there are some bad  and nasty reviews especially on a refinance and payments steal on a mortgage.

This is your best defense against damages and security deposit questions later.Just a word of warning, with the new identity theft focus, you need to have good processes in place for protecting that personal information.  

If he's not on the lease, I wouldn't let him in as he may steal stuff and you can claim since he's not on the lease he doesn't have any rights to access.

So like I said, it is all specific investment dependent.Back to the 2% rule, keep in mind that anyone who bought an investment using the 2% rule back in 2007 when interest rates were around 7.5% for non owner occupied loans and someone buying using the 2% rule last year where you could get a loan for say 4.25%, the investor buying last year would have higher cash flow even if the properties were identical because the debt service was lower.

If your buying below comps and it cash flows enough for it to be worth your effort...then its a good deal.I have created a 400 unit portfolio of singles, medium sized complexes and large apartment complexes and my apartments have always out preformed my singles.Houses make money when you "steal" them, apartments make money by design.

a place to start with site tour would be good. might be an idea to emphasize please read the rules as they are different from many other sites and the internet is changing. it is a shock to most creative types, the rules sites come with these days (no kidding), esp for those who have been on the net since the beginning and seen drastic swings and changes in regards to rules and etiquette. one minute everyone is stealing mp3s and not paying artists, and now you can't post anywhere twice or you get deleted (many sites now). very difficult to navigate.