Screening applicants!

Quote from @Kaleb Johnson: Quote from @Brandon Vukelich: @Kaleb Johnson if you are serious about wholesaling, it is highly recommended that you hire a real estate attorney in your state to help you draft the docs you need, applicable in your state.

I use a point system for screening; applicants get positive points for positive aspects, lose points for negative aspects, and I have a point threshold for each property. 

That affects your loan amount and then principal & interest payment.2) Estimate rents based on recent rental comps3) Account for all operating expenses such as property taxes, insurance, repairs & maintenance (landscaping, snow removal, cleaning etc), property management (if applicable), vacancy, utilities (what does the tenant pay vs what you would pay?)

I spoke with State Farm, but they require plumbing and electrical panel upgrades just to consider reviewing my application.

Third, just my general professional advice here: If an applicant owes any utility or telcom - reject.

Our property management company is full service, so we do the marketing, the in-house underwriting for applicants, and help manage the home.

We currently don’t accept sections 8 applications.

I own a mortgage company, so I have my loan officers use this Fannie Mae income calculation tool for all business for self borrowers: https://singlefamily.fanniemae.com/applications-technology/income-calculator .

He loves Zillow because of the brand recognition, it's easy to set up, and it allows him to accept rental applications online.