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.

Watching Coffeezilla mock them on YouTube can be quite cathartic.What's with the picture of Sinwar? 

Lots of RE are watching this market and seeing what not to do.2)  Median income is an excellent metric to use.

And if I feel the flooring is in good condition, even if not new, when I’ve had applicants that didn’t like flooring color (usually use a darker taupe), I tell them that’s what area rugs are for.

@Kris Lai I ended up withdrawing my loan application and went with Alliant Credit Union instead.

Hi all,Is there a free online application portal landlords can use for free?

Still doing my reading, listening and watching videos everyday to weigh out all my options 

I watched my parents flip houses since I was little and have always been on job sites or made "pocket money" by doing chores like painting fences or washing kitchen cabinets, which I realize now my parents were putting us to work to build that sweat equity.

I have two applications from the same household.