@Llewelyn A.I'm not denying the possibility that IRR may in some cases be worth considering, I'm saying that it makes sense for entry level real estate investors who are buying SF or small MF properties (most BP members) to use CoCR as their primary metric in most cases.Also, I'm not trying to pick a fight here, but I think we both know that your "real world" example is not so real.

They pretty much deny everyone not on the beach, and their reason is because all the hotels are on the beach, and they say that they'll allow the condos on the beach to govern themselves.

I got denied.

After scoring the brother/sister separately, I would combine their score for a total and then determine if they are denied, approved, or approved with contingencies.That's probably too much for you so I would just consider the general risk of each individual.

That said, I’m not a lawyer so you should consult to be sure.Additionally, asking your lender for permission to stay in the unit is likely not the best avenue, I can almost guarantee that request would be denied, even though you don’t appear to be changing the intent or purpose.

Though her flippant attitude about it would then be cherry on top to just deny her application. 

Both the S Corp and they were sued personally and they tries to get the suit against themselves dismissed, but was denied.

Does the company provide you a set of books or does the accountant try to figure out the numbers for you where you would confirm/deny the amounts?

From the Star Tribune article: "Under the proposed rule, landlords can’t deny an applicant on the basis of a misdemeanor if the conviction is older than three years and felonies seven years or older, and in certain cases of arson, assault or robbery, convictions more than 10 years old.

They either offer high interest mortgage rates or deny any mortgage outright.