There was an identical property next door that was on the market a few days before it was in contract but fell through due to some buyer financing.

as a matter of fact i pay bill a day or two early when i get paid i pay all bills immediately and im broke next day. do to past identity theft i have to or could lose money ive had debit card empty about ten times in past few years. anyway, every single year i can count it they say i owe a double payment and ive never missed keep screen shots of every one to prove it or keep m.o. reciept!

So far I have lease, landlord verification / application, inspection list (move in - move out.- Is there a credit score check form? 

I imagine the regulations will get stricter. 40% commercial property tax, 15.5 % hotel tax stays, 2.5% cap (15% less STRs), 3 strike your out rule, verification and vetting through AirBnB, etcBut why would you not invest in an oligopoly?

I recommend a full background check, credit check, rental and employment verification (at least 3x the rent income) as well as walk the current property that they live at.  

One great thing about being a broker is that you can build your own identity.

Percentage off of list price isn't a very useful metric, in my opinion...For example, if two nearly identical houses in the same neighborhood are listed for $100K and $200K, respectively, and you can get a 10% discount on the $100K house and a 40% discount on the $200K house, which one is the better deal?

I have the found that my default rate is almost identical to the historical rates.

@Joel Owens  @Moses Kagan - My thinking, after reading your comments, is to scale back on my original plan and take your suggestion of minor variations as follows:The building has two types of units: 1 & 2 Bedrooms with identical layout by type.

No so this time...Lowes had the identical brand/model and was a little cheaper plus offered free delivery.