The most common requests I have been recieving has been for new floors.

They want net to be at least 25% of gross (ie, gross 100k, you need to take home 25k after all expenses)They also look at your personal debt.THey ask a LOT of questions (45 min worth) about how you recieve payments, what sort of invoices you are waiting for payment on, how you pay your vendors, they want to see credit with vendors, especially ongoing obligations to show your payment history.

I dont give out applications because I only have recieved two back out of 58 given out.

They are all actually pretty good tenants and pay around 3-5th of the month after recieving their check.

As far as renovation goes, I've found that I can ask a bit more rent, get much more intrest, and it makes a place easier to rent overall.I think you may want to recieve your Trent screening process.

Hello BP,I am going to do this thread as a thank you to all the help I have recieved from others on this site, and I am hoping it will help others to see me go through this process.Intitial closing and lessons learned here : http://www.biggerpockets.com/forums/311/topics/153...Now for the rehab since I am now the owner of this 1960's 3 bed / 1.5 bath home.( I am hoping that the picture is rightside up as it is showing upside down currently as I am typing)This is a rough mock up of the layout of the house https://drive.google.com/file/d/0Bw4tlga09RSJN3hyU...And here are some initial pictures of the inside of the house.Living room (pictures are upside down again, if you open in a new window they are right side up though)KitchenDinning room (opposite of kitchen)Bedroom #1Full bath2nd bedroomhalf bath (jack and jill to bedroom 2 and 3)Bedroom 3 (master or at least biggest)Dinning room to living room with partial kitchenback of house with a shot of the covered porch.So that's how this project started, I went out to contractors with the following SOWhttps://drive.google.com/file/d/0Bw4tlga09RSJX0VBL...This was my first experience going to to bid for contractors and I saw the range of contractors from folks that were professional to those that well were not.  

This does not mean to ask if there is one; ask and ye shall recieve...But I see this as a golden oppurtunity.

The listing agent recieves 3% and the end buyers agent recieves 3%.

Hey @Dennis Wenner not sure if you ever recieved your answer but most good inkjet printers can work for printing out the letters.

Welll... i just recently recieved a nice chunk of change(50,000) from a bad auto-mobile accident i got in a few years ago... i just turned 20.. i've got a good job... and have been planning on investing my money in real estate ever since i thought i might be getting some...I'm thinking about maybe flipping some property...but I'm just trying to figure out a safe way to jump into this.....