My clients want to submit an offer of $230K.Btw, this is a Texas market.As a seller’s or buyer’s agent, how would you respond to this situation?

The simplest thing to do (at the risk of sounding like I'm teaching how to cheat) is to check the "material participation" box when entering a K1 into your tax software.

We’re one of the 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 tenants possible for your property.Required InfoWe require the following from each applicant over the age of 18, that is not a dependent of another applicant (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 taking several days to submit.

@Shawn Tuma definitely depends on the number of units to a certain degree but PM software is great for a number of reasons, some of which you stated and others you didn't.1.

It's taken a while to setup, but that would be the same for any software change.

We had someone submit an application with a fake Visa and fake letter of employment that obviously looked real.

Went home that night and had to have a couple drinks before I submitted that offer.....

Of course, they should be willing to still submit your offer!

We use accounting software that codes the income and expenses to the property (called a class) so we can run P&L;s on each property with ease.Your accountant and bookkeeper will also thank you later for keeping it simple and avoid significant accounting costs. 

@Yixin Huang we use a property management software which keeps the communication centralized and updates them on status.