Lets goooooo Thanks for the mention @Michael Smythe,G'Day Geoff,We got your investor application and thanks for sending the POF.Our on-boarding is pretty stringent and we are known for turning down a lot of business.This approach has helped us eliminate headaches for the investor and us if we don't see a good fit.I'm looking forward to jumping on a call and discussing further and if nothing else at least pointing you in the right direction.I also suggest chatting with @Jackelyn Lee.

Most of my tenants have come from here and then Ill send them to the Zillow link to fill out their application.

Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.

If the application is incomplete or the applicant doesn’t meet my criteria, or if I  can’t verify their employment and speak to their references, the applicant is denied. 

My mom has a 3/1 with a fenced yard on 10th St, and we received dozens of applications at $1,650.

In our area of Seattle it's typically provided by the landlord and wanted to learn from the BP community what you'd recommend I do as a new landlord in Texas getting our investment ready for applicants

To answer your question on potential assets that are applicable for bonus depreciation, here are a couple articles I wrote with examples.https://www.biggerpockets.com/...https://www.biggerpockets.com/...If you have further questions, please feel free to reach out!

If you decide to use leverage you have to use non-recourse loan since you are considered to be a 'disqualified person' and therefore providing personal guarantee with conventional loan would not be allowed.The $50K or 50% of the balance limit you are referring to is applicable for a Participant Loan - that is if you personally need cash you are allowed to borrow from your 401k using those guidelines.

The builder will need to be approved by the Bank/Lender or the bank/lender can provide you an already approved builder they have used before in that County.Once the builder is approved the Bank/Lender will have a initial meeting and set up an agreed upon draw phase based on the work that will be completed in phases.Best thing to do is have a conversation with a seasoned Banker or Loan officer to start an application and set up step by step plan.Feel free to reach out if you have any questions I am always happy to help and talk REI.

If there is a pending RAFT application the case won't move forward until it processes and/or if the person owes more than $7k that you are willing to let go of the remaining rent or have a payment agreement in place.