I have heard so many people getting charged the "fees" for signing up for a free CD.

Each agency has slightly different criteria and limits but the process for setting rents is roughly the same and has 2 components. 1) The tenant voucher is based on the tenant’s specific finances and number of people within the family unit.  

There are not too many people who can pay 40K cash to buy a house.

Ok so a diff path then my previous post.I also wanted to invest in real estate but just assume( and bet is probably true) that most of the people that find truly good investments have  either or all of the following the most "average joes" don't:1.

This is not my area of expertise, so wise people on this website will likely tell me not to venture into this!  

So, many people in your area may not realize its negotiable and just assume its always handled a certain way.

More people moving to a city is more potential tenants. 

Would people say your underwriting was good or bad?

That would bypass many city/state regulations that force landlords to rent to people here illegally. 

Reach out to them/me if you would like to get on the list to meet some people!