They had a low credit score but beyond that, they were a solid applicant based on their application and references.

Hey all, I received an application from a potential tenant.

Are you using a pricing software? 

It's a perfect example of how the most attractive applicant can be the worst choice.

You could let her know that you are too small to make reasonable accomodation if the stairs become an issue, but probably not worth it.As far as rent to income ratio, this is something you should set before you start taking applications, then stick to your standards. 

The LO I use for my investments can have you pre-approved same day if you submit all the necessary documents (pay stubs/W2, credit report, loan application, bank statements).

So far the applicants that are coming in are unemployed but have housing vouchers that can cover 100% of the rent.

@Justin Phillips @Stacy Voss @Kevin Romines Okay, so another question that popped up - I just looked into the bank that my Mortgage is through and it appears that there is a suspension on new HELOC applications.

A lot of people with growing portfolios start to look at a true property management software.

Personally we wouldn’t want the tenant trying to find a new person to fill the lease, as we think we have a better idea of who we want from screening applicants and we have a way to advertise for them.