We’re one of the 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 tenants possible for your property.Required InfoWe require the following from each applicant over the age of 18, that is not a dependent of another applicant (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 taking several days to submit.

Often syndicators will do a Cost Segregation, and this can minimize UDFI tax. 

So I feel like this part is pretty commoditized and doesn't save me a lot of time (since I don't use list that often it's not saving me tons of time).Are you doing any other automations that save you time day to day, or monthly?

The thought of buying near colleges has crossed my mind many times: an abundance of tenants & cash flow!

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.

If you're sticking to all-cash, passive investments, you’re right that flippers and small developers often look for cash investors to fund deals without traditional financing.

There are benefits to using the LLC, holding company, or trust, but they all come with costs and add complexity to your life that is often unwarranted.

We often give advice and never learn the end result.

Combining these strategies often gives investors the best balance of cost, simplicity, and security.

Sorry for the late reply; I'm not on BP too often.