If you're in the real estate investment business and must watch every penny, irrespective of your time, then by all means, do what you think will keep your expenses to a minimum.If, on the other hand, you are really in the business of creating profit by way of being a good marketer and a committed dealmaker, your creative energies ought to be reserved for doing what you do best (or intend to do best)...

I only lease 2-3x's a year and end up using mostly Zillow / Experian for the listing, application and screening.

How will you advertise, show, and screen applications?

You do nothing, and they come to you.So again, it’s only hard if you do it wrong.Now, setting it up—the application of it—is a different story, right?

In a purchase, it's declared by the borrower on the application.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Some legitimate lenders may charge an application fee, but I'd avoid that if possible.

I made a few changes based on the advice that I received here on Bigger Pockets and got three applications.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

For a co-signor we require a full application, screening and 4x the rent