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.

I'll add a few more things that can have a huge financial impact: required reserves, LTC (loan to cost), application or other upfront fees, and prepayment penalties.As a fellow flipper, I think it's important to have reserves, but they shouldn't be required as part of your funding.

I want to devise a plan to get you back on your feet.”I feel I need to be a little more firm so I told them I need November's rent by tonight, and asked for 10 proofs of job applications. 

It does many things to help you with Tenant placement like marketing, application collection and screening. 

- You've got to go to the property for showing- Many do not show up, so you waste your time- Then you have to have a legally compliant rental application & lease- Some approved applicants disappear the day before or day of lease signing!

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. 

After we completed their intake application and began the process, Austin handed us off to other staff.

Most bankers can run live pricing to help you make a final decision without having to have your credit pulled several times or fill out a dozen applications and submit docs!

Even if you take the $250,000 the realtor mentioned it would sell for as your basis that would mean you're looking at an $80k gain: 380,000 - (250,000 + 50,000 improvements) = 80,000Since you want to buy a nicer home for your mom, a 1031 exchange may not be applicable if the new property is intended for personal use, as 1031 exchanges are for investment or business properties only.

But doesn't have any property advertising, prospective tenant applications/screening, or any of that side of the business.