Here's a detailed guide on how to screen applicants: Application Screening Guide

@Johnny McKeon Thank you for providing the details that make this easier to think about and answer.

@Kevin SobiloThank you for your detailed response.

I'm fascinated by this RAL concept and wonder if any of you are serious about moving forward or maybe are in process? 

Can you provide some details on them?

I don't have time to go to the law library or access to the legal data bases that have more detail than my searches have resulted.

It descibes the rules for reserving usage, exit strategies, and other very minute details.

Or in the early stages ask for more detailed financials for the last rolling 12 months, and come back with that data early in the process to weed out those who won't budge?

You don’t have to keep a detailed spreadsheet or a notebook that you must constantly update.

Arm Loan - 5.250 (after five years the rates can go up 1.25%  ( I will need to refinance before year 5)  Need more info on loan amount, LTV, then can run the payment difference between the two and I’d also need more detailed info on the 5 year arm, as far as margin, index, floor , ceiling, adjustment periods. etc.