After we had it inspected, our mortgage company appraised it and my realtor, the sellers realtor and the tile company were all involved.

I'm excited to connect with people and absorb all this awesome info.

Not all background checks are the same—many instant or cheap reports miss key red flags like evictions, judgments, liens, and even identity fraud.A thorough screening process should include:✅ ID Verification – Confirms the applicant is who they claim to be.✅ Judgments & Liens Search – These no longer appear on credit reports, so a separate search is key.✅ Eviction & Rental History – Past behavior is the best predictor of future behavior.✅ Criminal Background Check – A nationwide search helps flag potential risks.✅ Verified Income Data – Looking at actual bank deposits prevents reliance on fake pay stubs.Skipping proper screening can lead to costly tenant issues.

All the best on your investment journey.

But all scenarios point to this not being profitable.In all scenarios under the column "Profit if held for..." none return your initial cash invested.At 100% coverage you're spending $64,300 and at 70% you're spending $99,300.

Wishing you all the best on your journey.

Full application and all associated checks.

It's the best of all worlds with regard to self-directed investing!

.🚨 More Lease Enforcement Challenges – Handling disputes, unauthorized guests, or noise complaints becomes more complicated with multiple unrelated tenants.Why Proper Screening is Critical:Not all background checks are the same!

The rental turn inspection would cover all the detailed damages and condition of premises, not overall building systems.