As a professional property manager with almost 250 doors, I'd say my relationship with most tenants is very formal.

Some major points in the bill; Extend the eviction moratorium for 60 days after the state of emergency order is lifted for residential renters as well as small businesses, with an exception where there is risk of immediate harm.Allow renters with financial hardships to pay rent over an extended period using a year-long repayment plan.Create an eviction diversion program that runs through December 31 2020, requiring both landlords and renters to participate in a mediation process designed to help resolve issues before they lead to formal evictions.Stabilize rents during the pandemic and for a year afterwards, during which landlords would be limited from increasing rents, retroactive to March 1, 2020 for those experiencing financial hardship related to the pandemic.Waive late fees on rent during the pandemic and for two months afterwards, which is retroactive to March 1, 2020 for those experiencing financial hardship related to the pandemic.Allow renters who are illegally locked out to recover damages caused by the illegal lockout.Call on the PA General Assembly and the US Congress to provide municipalities a comprehensive relief package to stabilize the local rental housing market and assist property owners, including large-scale rent subsidies for landlords to make up for lost revenue.There are concerns, expressed by HAPCO, that passing this bill would have a disastrous effect on property owners in Philadelphia by essentially passing on the costs of the COVID crisis onto owners.

Our pre-screening and application screening is extremely thorough -- enough so that by the time we get to the background/credit check portion, it's usually a formality, albeit a necessary one.

Are you saying I could get a very cheap inspection for $100 when I do my own initial walkthrough and then get a more formal inspection once I sign an offer?

I believe that having a business plan, formal or informal, is vitally important to helping you achieve your goals.

I have spent the first week lurking within the forums and observing the interactions between individuals before making a formal introduction.

I think it's in their best interest to pay for either a formal appraisal or Broker's Opinion (BO), so they can get a realistic idea of the FMV as is.

Many agents can present a formal offer and during a call to the listing agent mention a secondary option if they think it will be helpful.

As for the legal, rules, guidelines side of things, I believe the only thing you need to do is have a solid formal agreement in place that would be used to loan money and/or record a mortgage/lien on a specific piece of property. 

has an excellent point - regardless of what the quoted rate is, there is no lock on that rate until you actually proceed with a formal loan application.