Violations may result in criminal penalties, civil liability, and professional discipline.Why Is This Rule Important?

We are fair housing compliant regarding animals.Our tenants’ safety and the peaceful enjoyment of their home is important to us, so we do a credit/criminal background check on all applicants aged 18+, as well as employment and prior landlord verifications.

I lost over $100K with these criminals! 

Fix & Flip LoanIdeal for: Buyers renovating and reselling for profitMinimum GuidelinesFICO Score: 620+ minimum (700+ preferred for best terms)Down Payment: 10%–20% of purchase price (based on experience)Experience:0–1 flip in last 2 years = higher rates, lower leverage2+ flips = better terms (LTV, LTC, LTARV, rate)Special consideration for General ContractorsLiquidity Requirements:Must show funds for down payment, closing costs, and reservesReserves typically 3–6 months of payments depending on experienceLoan Term: 12 months interest-only (extensions possible)Rehab Scope: Detailed Scope of Work (SOW) required before applicationExit Plan: Must clearly outline exit strategyCharacter: No recent criminal history involving moral turpitudeEntity RequirementsIf closing in an LLC:Must provide Articles of Incorporation, Certificate of Good Standing, EIN Letter, and Operating Agreement (or Corp Charter if not an LLC)Must prove experience via HUDs or LLC membership tied to past dealsFunding Speed4–10 business days with clear title and insurance✅ Best FitBuyer has cash for down payment and reservesProperty needs rehabQuick closing required🔹 2.

You just can’t use it to misrepresent yourself as a broker.Jeff,  there was a guy in Denver i believe that sold this kind of program kind of pre GFC.. he got hammered by the AG  and I beleive maybe even criminal.. but it was the same thing drop a bunch of craigs list adds..

Do not work with people who defend criminals especially when they do NOT have the facts on their side.

At the viewing, I explain that Transunion Smartmove will do a credit, criminal, and rental background check (they check the eviction database).

When I was struggling to find tenants during the winter months, I kept debating if I should ease up on the criteria (700 Credit Score, no criminal history, no eviction history, monthly income greater than 3x monthly rent, no smoking or pets) just to get someone in, but I kept hearing podcast episodes where folks would talk about doing exactly that and regretting it. 

It lets you pick and choose what all you want screened (income jobs, criminal/background etc) lets you have the tenant pay it too, and then can setup banking, rent collection, and other landlord tools all in one place.

They allow you to customize how in depth you want the application to be so if you want it to include things like criminal report, eviction reports, income verification, etc... you can choose to add those and if not, they support just a basic application.