If I like them and they meet the criteria I ask them to apply online.

I aim to apply for FHA loan with a down payment of around 5%My Information:Age: 29MSalary: Around $85k (Anticipated increase to around $100k in December 2024)Debt: No DebtVehicle: Not currently owned (plan to purchase after home closing)Savings: $50,000I currently live in Northern Virginia and am ready to buy a townhouse there as a first-time homebuyer.

Without underlying coverage, an umbrella won't apply.  

Try to always remember and apply the KISS principle (keep it simple). 

For business owners, having a separate legal entity, such as a corporation or limited liability company, provides the unique ability to create a credit identity with business credit reporting agencies, also known as a business credit profile.Reality check:  > Funding your business with your home equity or personal savings/guarantee is a HUGE risk  > ~45% of Small Businesses applied for a Business Loan in 2023  > Less than 2% of SBA Loans are actually funded/approved  > 29% of Small Businesses FAIL because thee run out of Capital  > Your company’s name on a credit card is NOT corporate credit (if you used your FICO score to get it)  > Business (EIN) credit will open new ways to finance your growthIf you keep doing what you've always done, you'll keep getting what you always got!

This is the easiest criterion to apply and will reduce the number of cities to be evaluated.

Quote from @Ryan Painter: New to this platform, long term listener of BiggerPockets podcast.

Of course, all markets are different, so that certainly doesn't apply everywhere.  

The way I understand the world is that everything is applied mathematics and physics...

If you're actively involved in the development and management of the property—like overseeing construction and handling other key activities—the IRS might consider it an active STR business, which could allow you to apply the depreciation against your W2 income.