It unlikely calls for a closing/sale without substantial completion, and the bank shouldn't have an issue with funding with a typical "punch list",  perhaps holding back a few grand.  

That typically is investors.

I think it also depends on where you live - in places like New York and increasingly the Seattle area, the monthly payment is about the same or less to buy (if you have at least a 10% down payment and depending on the price of the home) and you get so much more for your money.Having a home is a bigger responsibility but owning typically far outweighs renting almost anywhere in the country.

because I have never used an online background check service like smart move I assumed that the process online would be virtually identical to the paper process that typical tenant would go through when renting any property.

The economic consequence to the owner is enormous when compared to 15 or less and SRF operations.

That typically is investors.

Here are some typical ones:1. subject to my partners approval (your pet rat can be your partner)2. 120 inspection (we have world class inspectors...and they stay booked)3. subject to a 60 year mortgage at -0- interest If these aren't enough you can go to the "wholesaling" forums and find plenty of advice from frauds and scammers. 

Those operators won't do you any good and your property won't sell for more than it is worth on the open market. 100K-130K?

Once you have attracted one you would typically have a business plan and agreement already set with the PML before going to and auction.  

They're great to work with, operate nationwide, cover vacant and occupied properties, charge you month-to-month so you can cancel if you sell the property, also can cover ACV instead of rebuild value, which saves you a lot of money.