I can't even imagine an applicant giving all that information in this day and age of identity theft.The biggest question, though, is "What are you going to do with that information?"

As for the rent, according to Rentometer, there are currently identical apartments (same bed and bath count and square footage) in the same complex being rented out for $1,650 a month, so I think $1,500 is a bit below market price.

One of our Israeli investors was selling a home with a current 5 year tenant because he didn't want to invest in a roof replacement.

This sounds like the identical problem I have been having.

It was almost identical to the various software bug tracking systems.  

There were 2 identical buildings next to ours so we made an offer on them and bought them by refinancing 2 other houses we had. 

@Joe Kalis That's a difficult question to answer, and you want to make sure that when reviewing the answers, everyone is talking about identical situations.

I looked at a handful of properties in different areas, none of which I would call "up and coming," but every single property looks identical.  

only needs 40K in repairs and we make 80KSuddenly this sounds a lot better even if the numbers are identical.And is it really identical?

(there are advantages as to the loan management, accounting, tax reporting and in meeting legal requirements when terms of a new obligation are identical to an underlying loan that is basically "assumed")In your new partitioned note, part one is for $135,996.23 (whatever) which is the payoff amount at the time of settlement.