I just received an application from someone who meets the income requirement (3x rent) but not the credit rating requirement.

Hard Money Loans: These are short-term loans from private lenders based on the property's value rather than your credit score.

I want to scale, but not sure how to develop my strategy.I have a $200k HELOC and excellent credit worthiness and high income from my day job.

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.

Check with credit union.

There are several benefits of having cash in the bank/liquid reserves versus an open end mortgage (a.k.a) credit card.

Many thanks for any insights & guidance.TimThe only up front fees you should have are an appraisal and credit report.

They would fix my $100 for the next 18 months as a grace period so I have time to put the tax credit money "back in" the full cost of the panels.

The closing attorney or title co will draw up the closing statement so each party will know exactly what their costs, credits or debits will be in closing the transaction.  

As my wife and I were reviewing it, we saw a few things in the application and on the credit report that looked funny.