Not only are they looking to monitor bank accounts, but they are also looking to have P2P payment apps like Venmo, Zelle and Paypal report transactions.

Will report back on what I end up doing. :) 

Then, whether or not you get the deal, use the estimate report for this and future properties to learn how to estimate repairs and rehabs yourself.  

If you are not bonded it must be in a separate account.I have always thought that we are allowed in MI to have funds in an interest bearing account and that we are not required to share interest reports (or interest) with tenants but.....I decided to ask our lawyers this question as well and oddly enough, I stumped both of them : ) They said they are 99% sure I am right but said they will look up the statues and let us know next week. 

Hey Marcus, I just published my ebook on industrial investing, its on amazon.

Similar for missed rent payments that show on a credit report.  

View report*This link comes directly from our calculators, based on information input by the member who posted.

View report*This link comes directly from our calculators, based on information input by the member who posted.

The answer is yes, you need to report all the income on Schedule E, if you want the bank to give you credit for that income next year when you go to buy property #2.

The enforcement reports are published on their website monthly.