Trust your gut and weigh the risk carefullyA couple of other tips that can help protect you:Make sure your LOI is non-binding.

About 40 years ago we used to do these deals, but lenders have smartened up and tightened up, about the only way to pull this off now is by combining what’s essentially personal unsecured loan with a secured loan, or by committing mortgage fraud.  

I've been on BiggerPockets for about 3 or 4 years, but I have never delve into all that BiggerPockets offers until this year. 

I hate to say this but the search function has been a point of constant chagrin for years.

You can do this if you make enough at your day job to supplemtn and cashflow shortages.Otherwise, the only way this works is if you buy properties you can increase the value & rents by improvements & renovations. 

I am appreciating the conversation on this thread. 

I use this screening service: https://www.ezlandlordforms.com/tenant-screening-services/A couple of things I like: 1) you can select "applicant pays" when you sending a screening request, so you can get it at no cost to you; 2) it's easy to do - all you need is an applicant's name and email address to send a screening request (I like that I don't have to collect a bunch of personal information); 3) it gives you a lot of data - credit report, criminal history background report, resident score, eviction history report; 4) it's fast.

What would you flag or look deeper into if you were reviewing this yourself?

The LLC that owns the property should be set up in the state where the property is located, in this case, SC.

Strength at the top of the market and a few areas with higher relative demand: Manzanita, Lincoln City, Florence, Coos Bay and Brookings.