Unless every applicant can qualify for the full mortgage it sounds like a really bad/risky plan for the lender.

The applications says no tenants 3 years before the application.

Sorry, I did not get approved, application denied, for a HELOC because of the Covid assistance and mortgage extended 32 months.would applying with anyone else possibly get me approved?

In my personal opinion some of the public REIT losses is more buying opportunity (also applicable to CEF too).- Jon :  If that is your goal (which it should be) then the percentage of DSTs that have met that expectation is far lower than 95%-----> thank you, it's worthed to give more deep analysis on this.

I have dealt with section 8 in NYC and there is no shortage of applicants that have section 8 vouchers.

If your intent is to sell your rental(s) and leave the RE asset class then I suppose the # years of cashflow metric might be more applicable, but I think it heavily relies on the assumption that you've accurately timed the top of the market which requires a crystal ball and sorcery above my pay grade.

You qualify the applicant based on their current status and history, not on what you think may happen in the future.

I've had several qualified applicants reach out with one wanting an 18 month lease.

We have an application for one of our apartments with 2 tenants.

Perhaps in other municipalities you can but for this particular scope of work a contractor with a Philadelphia contractor license will be required to associate with the application before the building permit is issued.