I often work with developers that rehab SF and MF properties in communities where either they grew up, they go to church in, or have relatives that still live in communities they've moved out of...happy to discuss via DM.

I really want to be successful, but whenever I try to do anything related to my career—like investing or researching, especially in wholesaling—I get hit with a wave of anxiety.

It's also illegal for cities to attempt to regulate fees related to screening or applications.

We’re one ofthe few property managers that require W-2’s and a bank statement and we go way beyond the traditional, “income must =3x rent” qualifier.Below is more information about what our Applications Department does to screen applicants and find the best tenantspossible for your property.Required InfoWe require the following from each applicant over the age of 18, that is not a dependent of anotherapplicant (as evidenced on a tax return):Copy of acceptable state picture IDRecent YTD paystubRecent W-2Recent Bank Statement, all pages, no info blacked outRecent tax return if self-employedApplicants are often slow about turning this information in, asking us why we need it and then takingseveral days to submit.

It’s awesome that you’re jumping into real estate at such a young age.

There is zero income on the property right now because the current owners were using it for personal use and/or letting friends and relatives use the storage units and the metal building (for an auto dealership).  

After a transformation, I import information from Stessa (it auto-injects info from banks) into a relational database, run a few queries, and then do a cross-tab query to bring it all together into a report. 

Thank you both so much for the detailed repliesA few questions related to Accounting if you don’t mind1.Do you recommend separate bank accounts for each property, or does a single account work better?

If you are retirement age, you can do asset based withdraws from "work related funds" (IRAs/401ks...).

I reside in Massachusetts and have recently taken on the role of landlord for my parents' house as they have aged.