We’re one ofthe few property managers that require W-2’s and a bank statement and we go way beyond the traditional, “income must =3x rent” qualifier.Below is more information about what our Applications Department does to screen applicants and find the best tenantspossible for your property.Required InfoWe require the following from each applicant over the age of 18, that is not a dependent of anotherapplicant (as evidenced on a tax return):Copy of acceptable state picture IDRecent YTD paystubRecent W-2Recent Bank Statement, all pages, no info blacked outRecent tax return if self-employedApplicants are often slow about turning this information in, asking us why we need it and then takingseveral days to submit.

For example in many jurisdictions I can STR units in a duplex but cannot STR an ADU (some jurisdictions will let you STR if you owner occupy).

Hey, there, I'm currently getting approved for a single family loan to convert a large square footage Single family Into a 4 unit, then 5 units apartment building.cash out refi later and put that cash into a bigger building deal. also say a hud multifamily loan requires 10% down and 10% in the bank ( of purchase price )  but do i have to do this?

If you have no track record it makes the process more difficult and you should expect to receive lower bank leverage.

I was still playing football of the Bison at the time asn was given the opportunity to work at a local bank in the mortgage division.

Such as bank statements.

The jurisdictions who get it right require the inspection be performed during the next turnover in occupancy.

But how do you know what to take out every month from the bank account once the rent checks are deposited? 

Part of my business was providing loan servicing for seller financed transactions and this type of intervention between a borrower and seller, I would have to say, was more than welcomed by underlying mortgage holders (banks).

-Any benefits to having an IRA funded LLC with a bank account?