I personally don't charge an application fee, because of personal reasons...I screen and then let the selected tenant complete the criminal/credit/background check through an independent party that collects the fee.

Have you already run complete financial, criminal and rental history checks on all of them?

Also a concern here is the addition being an approved/permitted spaceSection 8 not withstanding if the addition wasn't a permitted addition you'll likely will be taking a significant risk that should a tragic event take place there with a loss of life or serious injury you'll have no place to hide as most insurance companies will not pay your claims plus the civil and criminal penalties are severe!

unfortunately your best best on this one is the "preferred" lender in the community, since that lender has internally accepted the project up to a certain % of units.

Use the "Americans Investing Internationally" forum.

I have a criminal record.(3 Felonies)Would I be wasting my time and money going to the classes just to find out I cant get my license and or no one will hire me?

Update on my situation: I took the guy to court, and he was hit with only a $100.00 fine, but at least he has "criminal trespass" to his name now.

So I feel I should break this down into a series of questions.Can the quality of insurance you get for an investment house depend on the tenant’s background information (criminal record, credit report, history with property damage, etc.)?

Now this doesn't take into the appreciation in rents or value, that would be an internal rate of return.

Fannie Mae guidelines with regard to the age of the comparable sales, as well as most lenders’ internal guidelines, are reducing the old requirement that all comps be within 1 year.