Personally, I follow this standard for every application I receive:- Income of at least 3 times the monthly rent (verified through the employer)- Credit score of 580+- Rental verification with past landlords (no outstanding balances, no late payments, and the property left in acceptable condition)- No history of collections, evictions, or criminal offenses- No overdue debt (except medical debt)This process has helped me place quality tenants over the years.

However, much of our document and data collection was handled by loan analyst Taylor Vassey.

Almost every action taken in the economy is taxed and the faster the economy chugs forward the more taxes they collect.

They can also collect rent for you. 

Quote from @Michell Chase: The signed contract states a deposit was collected, so I would make that part of your purchase agreement.

Going private money will already cost you more $$ in closing costs, points, etc - but they should ONLY collect $$ if the loan closes.

Additionally, collecting the tenant’s portion of the rent (not covered by Section 8) can be difficult.3.

Operating is where you collect the rents and pay expenses.

After collecting tenant pass-throughs for the year, do you pay the property taxes at the end of the year or the beginning of the next year?

I wanted to clarify that $2m was the collective asking price.