One loaned $3K with the title of their vehicle to be held as a collateral.

I would physically take home ~$200 more per month after all payroll deductions.Should I wait another month for my income to increase prior to applying for a loan, or go ahead and get approved this week as planned?

It would be my first rental property if I were to go ahead and purchase it.

From your perspective, half a loaf is better than none, and hopefully that will be enough that she'll go away, never to darken your door again.If that doesn't work, maybe you want to go ahead and lose the entire deposit.

Thanks ahead

Only then should you go ahead and re-rent this property.

The bigger the company the higher their overhead, the more money they spend on advertising and marketing plus workman's comp, insurance, and manytime even the vehicles and tools.

Given the average rent in the GTA and increasing interest rates the stress will become even more extreme if let as it is.Housing shortages aren't cured overnight.And a heads up. some of the big 5 banks appear to be increasing their posted rates.

If you it looks like a good match, get them to send their pay stubs ahead of time too.

In a reasonably short time, you'll get a much better sense of what's acceptable work and what isn't before you give the go-ahead to paint.