Shiny objects tend to reward marketing skill instead.If a training avoids discussing what happens when a deal underperforms, that is usually the real signal to avoid.Chris hit the nail on the head.  

If they did, they wouldn't be here asking questions : )  As a result, this means that CPAs, Lawyers, and Financial professionals should explain things in simple terms that are easy for people to understand (I'm not sure quoting pubs and regs directly screams simplicity, but including it as a reference is helpful for everyone). 

You are not required to investigate intent.Use the cleanest denial reason available.If the son’s credit does not meet your minimum requirement and he is part of the household, that is a legitimate, objective basis for denial.

And, in case you wonder what has changed, here is an article explaining it: https://www.biggerpockets.com/forums/51/topics/1249780-expla...Everyone is talking about STRs (short-term-rentals), about the STR loophole and so forth.

Great points on buying based on the fundamentals vs shiny objections...

Both properties are doing exactly what long-term rentals are supposed to do: low leverage, strong cash flow, and massive equity buffers.A few objective observations and next steps to consider:1.

These actions serve the real objective, which is reducing the likelihood of disputes and conflicts before they ever arise and when they do allow for more efficient and cost effective resolutions.

Quote from @Natalia Narsa: Hi everyone, I just read a post by Chris Seveny about the next “guru training” or shiny object to watch out for this year, and it really resonated with me. 

If enough people mention the odor and have concerns about the tidiness of the dwelling you should share their concerns with the existing tenant and use this objective feedback to drive the point home.

Check out this chart: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyMake sure you understand the Class of properties you are looking at and the corresponding results to expect.Horror Stories from those that did NOT Understand What they were Buying:https://www.biggerpockets.com/forums/48/topics/1137397-baltimore-a-path-to-never-ending-painhttps://www.biggerpockets.com/forums/432/topics/1231840-sell-at-a-loss-or-rent-at-a-losshttps://www.biggerpockets.com/forums/311/topics/840134-memphis-turnkey-tenant-turnover-costshttps://www.biggerpockets.com/forums/963/topics/1195280-experience-of-oos-investing-in-cleveland-after-15-years Thank you so very much for all this information, I really appreciate your time putting all together to explain this valuable information.