I am trying to get a proof of hard money funds letter to present to agents.

When making an offer, state that you are a cash buyer and show them a proof of funds (copy of bank statement)2.

When a landlord decides whether or not to sue a tenant for back rent, a main component is whether or not the tenant is judgment proof.  

Make sure your property management is bullet proof or be prepared to make your presence known personally with a minimum of monthly visits.Be prepared to go to the property to collect rent.Many tenants in who rent in this area tend to be very hard on apartments.Tenant screening is an art more than a science as the vast majority of applicants have thin income and marginal credit (and criminal history)Of the close to 300 SFR's that have sold this year from 12th to 31st over 20% were short sales or bank owned.  

If and when the interest rates finally rise and inflation hits to correct market tampering, we'll find ourselves in a very different economic and real estate environment.

I seriously doubt those numbers.Do not market properties until you know the true cap rate and how long occupancy has been stable and what tenants were put in there with rent credits and concessions.People say these high caps and it plays on buyers greed when the buyer should not look with blind eyes but be realistic with the market and analyze the numbers on quality properties.POF is ( proof of funds).

You cant really wholesale REO's unless you put down earnest money and show proof of funds to close when its closing time and if you dont sell it by closing can and will you actually purchase or will you back out, lose your EM and start to get a bad name? 

Since the REO agents require both larger Earnest Money Deposits and Proof of Funds with every offer, I'm overwhelmed and under funded.

They have no written proof that you're out of compliance.

In my state if they don't have workmans comp they must have a waiver (this is for a one person labor) if they don't have WC then now they are your employee, so if they get hurt it is on your insurance, make sure you get this before they start or tell them theythat they will not be paid until you get proof of WCIf you can get references from builders and house flippers not the public bc they might love the guy but he did a bad job.