You could also reach out to a local, reputable, property management firm to see if they offer a la carte services for lease preparation, application processing, move in inspection, etc, if you are planning to self-manage but need some help with the more formal items.

- **Escrow for Property Taxes and Insurance** (if applicable): If the seller’s mortgage already has an escrow account, the lender handles the property taxes and insurance, which are included in the monthly mortgage payment

Pete area in the next 4-9 months but have been watching supply and days on market steadily increase and asking prices drop on a weekly basis.

These contracts and discussions within the community are augmented by the real world applications of the same, as well as the corporate structure necessary to provide all the protections and benefits.

Watching you all post after each other is embarrassing. 

If they pass they can view and submit an application.

Solving this problem is not going to put a new Mercedes Benz in your garage, But if you are clever enough thinking entrepreneurially might just do that.Just my 2 cents.https://www.youtube.com/watch?

Timing your permits and applications might be tricky.

Things to watch out for, especially in terms of regulations, costs, and management?

All an agent should do for you is list the property to generate showings => to generate applications, that YOU then screen.Now, they may actually be asking you want screening criteria you want them to advertise, which is fine.Can't answer your question though, without knowing if this is a Class A, B, C or D property - as they will all have different criteria.Here's a sample of some of what we use in our Metro Detroit market:Class A Properties:Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.