Quote from @Brandon Weis: How your T12 will look will come down to your accounting software and how it has it formatted.

What rent collection software do you recommend and why?

. ;)Preference is electronic transfer through my management software.

Hello @Yvonne Wang,The scope of work should include the following:- Basic info: Property address, client name, contractor's contact info, address, license#'s, signed general/operating agreement b/w contractor and client- Specification of repairs: Repair item, Quantity of items needed, total & per unit cost of items, taxes (if applicable), Completion hours, title of the person responsible for the repair item, written summary describing the work- Add'l info: Schedule of repairs, additional payment schedule details i.e. disbursement schedule, method of disbursement, deposits, holdback amounts, etc.The screenshot below highlights a couple of repair items.

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

There have been numerous people on BP talking about how they paid application fees but they could never get their loans closed on any deal brought to the company.

On the other hand, I also did have that in writing and made that aware to all of my clients, As well as the service providing softwares Stating the same policy.

The software doesn't provide that level of granular detail that can mean the difference between 2k and 3k a month. 

EVERY applicant is "qualified"!

Also don’t forget landscaping and general pest control (termites) if applicable.