We just quit our W2s and are using lenders who loan based on 'asset performance' - just like what @Jeff Langley mentioned. 

However, it's also conceivable that you could be liable for specific performance (exceedingly RARELY used against a defaulting buyer because it's usually not worth the effort) or other penalties. 

My name is Tinah, a brand new real estate investor in Worcester County, MA and I ran into a few problems on my first transaction (details on a previous post).

The risk just isn't worth any fee.For long-time, existing clients who need something for the lender, most firms have a boilerplate template that clearly states the scope of the services that they provide to the client, that they have not audited or examined the financials and provide no assurance, and that it is the lender's responsibility to perform due diligence, etc.

My practice is to refer buyers to the websites listing qualified (InterNACHI or ASHI here in NM) inspectors and let them contact some to find out what inspections they perform, what special equipment they might use, how much they cost, are 2nd visits after repairs included in the cost and how far out they’re booking.The buyer books the inspections.Licensing is just going live here and so I will ensure buyers are given the opportunity to hire fully licensed inspectors.

While past performance is not a guarantee of future results, the stock market has averaged between 7%-8% returns and I would expect those same overall returns to continue in the future.

We renovated the heck out of it-brand new carpet, new porcelain tile and laminate flooring downstairs, epoxied the garage floor, new countertops, sink, pull down faucet, glass backsplash, new paint entire house, all new baseboards, added crown molding, and artificial turf and hard scaping front and back yard.

Having a social media following can help you grow your brand and influence, and as a result, your client flow.

When you need the tenant to take action, always include a deadline and a consequence for failing to perform.

Get warranty/guarantee on the work performed.  3.