For example, I mention that every adult must pay a $XX application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

For example, I mention that every adult must pay a $XX application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

Could that possibly be your net income after fees and such?

Keep in mind, though, it costs a couple thousand a year for board memberships/MLS access/errors & omissions insurance/broker fees.

Hello AllI have a opportunity to purchase a 3 unit rental property. how should I structure the offer and what should be required in it.Does the seller provide a fee and clear Title with Title insurance, should the seller be required to evict the tenants before I purchase, what verifications or contingencies should i include. etc......ThanksJeff

They like that.My super duper, proprietary "Quick Calc Pro" spreadsheet tells me in minutes what price I can pay for the property, what my cash flow will be, what my entry fee is, how much I can wholesale or fix & flip it for, how much to give the seller, and a ton of other items that only someone deranged and experienced would care to know.

I would see what the potential fees would be for refinancing though.

Because a large percentage of the charges are base fees that do not change based on use!

Their fees and interest rates were high, but they had the least restrictive approval terms from what I gathered.

Fees can be sneaky—markups on maintenance, random charges for inspections, lease renewals, etc.