The new person must complete an application and pass the screening.

There was a time when SSN's were routinely disclosed on our rental applications. 

., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?

The market in Racine is much different than Kenosha and we have been having a hard time getting quality tenant applicants.

Secondly, short-term rentals provide flexibility for owners, allowing them to potentially use the property themselves when not rented out.

There have been numerous people on BP talking about how they paid application fees but they could never get their loans closed on any deal brought to the company.

But if you have a self-directed IRA or 401k, keep this strategy in mind, as it could potentially save you hundreds of thousands of dollars in taxes.

I'm wondering about any potential regulations that might make this a more difficult process than I'm anticipating. 

I’ve seen that in my W-2 job, so it makes sense that the same value is applicable in real estate.

If you have a few single family rental homes and are looking for a way to streamline leases, applications and rents, maybe rentredi is the right solution, but if you have a multi unit property or any serious management needs, look elsewhere.