Additionally, those comments, while I think are good rules to follow, are not really applicable to David's spreadsheet.

There is no law against making any payment prior to a closing unless such is covered in the short sale application and acceptance.

In your ad you want great pictures, description of the property and your requirements ( application fee, credit check)

Try hard (not used car salesman hard, but still hard) to get them to sign an application before they leave.

Depending upon the property class and effort you want to put into rehabbing or turning a building around if applicable, your leverage and risk tolerance, the returns could also be great.Jeff

Several tire kickers and no applicants yet

She has a great "nose" for good tenants. she gets them to file an application before they even see the house. she gets tenants very quick.But she does not think about me when she looks at houses.

I think you can only use a corporation with DOC license but I'm not positive about that.By the way, you can lend your own money directly to borrowers without a license (as long as you comply with all applicable lending laws), but you cannot broker loans between borrowers and other people's capital without a license.

Also, be sure to get a fee [around $35-$50] for the application.

denied credit applications.