Quote from @Mary Joe: As long as you have justification and you apply the standard equally to all applicants, you should be fine. 1.

Hi Namal - About a year ago I went searching for online property management software for the sole purpose of receiving online payments (I don't use any of the other features). 

You'll either have to do it manually or find a software that does it for you.  

I get about $100 a month more by having the washer and dryer and have many more applicants than with out them as no one likes going to a laundromat.Also, make sure you put in both leases that the washer and dryer is for personal use. 

If you originate a lot of loans I believe the software you use should be able to generate the MCR's for you.

Yes, I have other "typical qualifications" that applicants must meet, just the 3x income issue is problematic. 

Thank you for your warning, however it's not applicable to me. 

It replaced the original SmartThings hub, which is confusing, but I have had both and they both work seamlessly with SmartThings software.

It’s only through investment of capital for marketing, software systems, lead generation, call centers, attorney drawn contracts, title searches, etc. can someone establish a VIABLE business.  

Adjust for any old/new contracts you're removing or addingG&A (Advertising, Office, Software, Etc: T12 adjusted for any old/new contracts you're removing or addingReserves: $250-$350/unit multifamily; $0.15/sqft commercial; $1.00/sqft commerical TI'sTotal Expenses: Sum of all above expensesNET OPERATING INCOME = Project EGI - Total ExpensesProceed to look at multifamily / mixed use sale comps and make judgement call based on (i) going in / exit cap rate assumptions, (ii) $/unit, (iii) $/sqft, (iv) etc.