Use the top three or four discriminators so applicants can screen themselves.Then you need to have clear screening criteria yourself.

Note that a truly self-directed Solo 401k would be exempt from UBIT on leveraged real estate. 

Application screening is not a pass/fail.

I provide my application and screening criteria on my website so applicants can look for themselves before spending any money.

@Palak Patel copied from our website, so use what's useful for you:_________________________________________________________________________Below is more information about what our Applications Department does to screen applicants and find the best tenants possible for your property.Required InfoWe require the following from each applicant over the age of 18, that is not a dependent of another applicant (as evidenced on a tax return):Copy of acceptable state picture IDRecent YTD paystubRecent W-2Recent Bank Statement, all pages, no info blacked outRecent tax return if self-employedApplicants are often slow about turning this information in, asking us why we need it and then taking several days to submit.

You run a background check and verify application and you make them both liable for all rent. 

John, you should be able to invest in self storage with self-directed IRA.

I have been using RentRedi as a way to do all the screening and applications.

Looking for advice and suggestions for a Roth IRA Custodian I'm looking to roll over a traditional IRA to a Self-directed Roth by the end of the year, and use that for my investing.

Then you might do cargo containers if allowed at the small locations.