What they said.....everyone over the age of 18 has to have a background/credit/ ID verification and sign the lease.

I can do that for you if you are properly prepared with reserves and credit.

If comps for a 3 unit property are in the 950k range, then that is what it will come in at.The revenue from the STR will have no bearing on the value of the property itself.People argue about it from time to time, but I spoke with 10 different lenders, banks, credit unions, private lenders, etc etc and they all said the same thing.

• Should utilities, internet, or services like snow removal/lawn care be included, or not?

On the flip side, if you've got a bunch of Section 8 tenants living in a building that's in a neighborhood where a lot of the tenant base has good jobs, high credit scores, and are generally reliable people, you've got the most risky tenants in that tenant base and that ain't what ya want.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Once you start processing the credit/criminal, the money is spent, and you can't get it back.

Can easily get fee worksheets and run credit/DU 3.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

@Jeffrey Bourque Are you planning to finance this with a local bank or credit union?