Do you think the tips in the guide, Real Estate Investing For Beginners, are still applicable in 2024 and beyond?

But he kept pushing, and saying that they don't hold my application until I decide.

I would start the whole process over with the tenant - application, screening, and approval.

Anything more than a small application fee ($200-$300) and maybe an appraisal ($300-$500 if residential) and I would look elsewhere.

DSCR would be your best bet but again 25% down and a DSCR of 1.25% minimum.Do yourself a favor and do not let just any Lender/loan officer pull your credit just so they can take an application and have a possible deal.

What are the key differences in approval times and application processes between private money lending and traditional bank loans?

Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.

Is a PM allowed to share the tenants application including credit reports and other info that is collected during the application process?

After everything was fixed and they listed the unit, apparently they claimed that I was not allowed to have any understanding of who would be renting my home due to potential bias and discrimination (this is the first time I have not been able to view applicants general profile (credit score/occupation(removing any identity markers)), but fine, I let them choose the tenant and so far there hasn't been any issues.

Obviously this would be determined at the beginning application/lease stage.