When you lease to your tenants and have them fill out the application, make sure to get their social security numbers.

The risks you described are mostly applicable to cases where non-veterans assume VA loans--this will impact entitlement for future use of the selling veteran.  

You can't say no to them if they ask if you accept it, but you can likely find a reason to reject their application.

It depends on the applicant/tenant.

This is something you pay for.Zillow: For rentals, it shows how many days on market, contacts, and even applications.

For 2015 there are so many applications filled from China, that the number of visas allowed will be reached probably by Spring!

I don’t believe a HELOC is applicable since it’s not my primary.Maybe a DSCR (debt service coverage ratio) loan?

I give applications to everyone , paper is cheap 

But even if not, the real world application of understanding business may be of help in real estate style business albeit not required by any stretch.

Things I've got down to minimal effort or fully automated: * Rent, security deposit, and fee collection* Basic accounting and tax packet creation* Listing vacancies* Lease signing* Applications, credit, and background checksThings I'm still dealing with directly ad-hoc or don't have a well defined process or solution in place for:* Requests and communication with tenants* Finding and coordinating service providers for maintenance and repair work* Scheduling showings and getting prospective tenants to make their appointments* Tenant turnover for move in and out* Keeping up with legal changes and lease template updates* Setting rent amounts* Lease enforcement - tenants are responsible for things like yardwork, routinely get letters from the city about weeds / tall grass, etc.Questions for the group:* What am I missing if I were to make out a checklist of an "automated property"?