Books, articles, blogs, whatever materials you caught this bug from are no longer applicable, if someone says you, as an individual without having a broker's license can "wholesale" mortgage notes is just blowing smoke in your ear.

A builders risk policy removes these exclusions and can add coverage applicable to the rehab, like coverage for materials on site, etc.disclosure - I am familiar with all of the products as I was a State Farm agent many years ago, and rep for all of the companies mentioned above.

I'd argue, access to research - and the application of that research into investment philosophy and guidance.

---So, insist on them providing the rental application and supporting docs for your review.

Omgosh, @Chris Newman, the word I meant was "wary", but certainly "weary" has its applications these days- I'm 32weeks preggo & pregnancy brain is in full effect.

So my question is, how do I get out of even letting the tenant complete the application process or is that not even an option?

I've also found that email savvy applicants are usually able to work out online payment or direct debit, as long as they can do it on a smart phone.Like Doug mentioned, if you can find a building that makes a profit with rents under $1000 you'll have no trouble with finding tenants, anything sub $1000 should fly.

After spending tens of thousands in application fees to get planning permission, the day that the first foundation is dug for the two properties, they will owe the council another $80,000 in taxes.

A percent application idea like that doesn't apply to all loans as a loan for $30k is different than a loan for $300k and $3.0M.  

You can expect to see one hard inquiry for a loan application (one per credit agency that is).