I've encountered these types of nit-pickers before, and they usually don't complete the application.And you have to be delicate sometimes because you don't want to be (or be accused of) acting in a discriminatory manner.

If I issued parking stickers to the tenants (who are on the lease) who have cars registered under their name...when can I get the cars that do not have parking stickers towed?

Wife is an attorney and can execute a private sale but having one of us as an RE would help trim the margins I think.Wondering if the others here starting out encountered these questions and what direction you may have gone?

Hi Amy,I'm in the Charlotte area and have only ever encountered financial planners who want to take a percentage rather than the fee-only model.

On that note, I concur with @Joe Splitrock about the lifestyle my tenants lead versus my own.I saw a sticker in a municipality's clerk's window once: "lack of planning by you does not constitute an emergency for me." 

Have you encountered problems with the program participants closing on time?

If you have enough units I would certainly put up tenant only parking signs and maybe issue place cards or stickers identifying the car.

I've also encountered people that simply want the higher interest rate, or still want the monthly income without the management headaches.Bill Gulley   You're going to scare everyone with the assumptions you're making on very little information, and the assumptions you are making.First, A four unit is not a single family.

I have students who live in the Greater NY area and I was also real estate licensed in New York State a while back.In my experience these are the best opportunities I have encountered - short sales in the outskirts of NYC (especially Long Island.)

For existing properties they will look at your tax returns for the actual income.For new properties banks I've encountered could 75% of rent minus PITI as net rental income.