There was a thread about this just a couple of days ago (though not specifically for TN). 

Also the Adler decision talks about disqualified persons (specifically family members) and IRAs being commingled in investments.

Is your question specific to the credit check and/or background check?

Also, they asked to post date the checks and give them to me so I could deposit them on a specific date.

Don't know about Michigan specifically but in Massachusetts that's illegal.

I wanted to see if there are specific things i should be looking out for or a list of what i should do.

Investors will tend to pick the cheap contractor over the good contractor, because with so many wannabe investors chasing deals, the margins get slimmer and slimmer.

Check with a NJ lawyer about possible wrinkles due to the state law.The main advantage is simplicity: one set of bank accounts and books, with each transaction assigned to a specific property under management.

I hope that helps answers your question, not sure if you had a more specific question or not?

That 30% margin will allow you to pay for refi costs and then to allow 25% equity to remain in the home after you do a cash-out refinance.