I start with cleaning and repairs, then I apply it towards utilities, legal fees, late fees, and rent, usually in that order.I also have a holdover clause that says the tenant is charged 4x of the monthly rent, prorated daily if they hold onto the property after lease termination.

Numbers:Purchase Price: $140,000Cash Invested: $42,000Income:Unit 1: $1075 + utilities. 

Same thing with bank accounts, utilities, etc.

Did they have bank statements showing utility payments for the rentals?

Thanks,A lot of lenders (mortgage brokers) utilize figure https://www.figure.com/home-equity-line/ if it helps you at all. 

Originally posted by @Angela Zaitz:Are the utility lines separate? 

., new renovation, outdoor space, free parking, in unit laundry, extra storage, utilities included in rent.   

Are they sitting on concrete foundations with full utilities to each?

If a student loan is in repayment, or scheduled to begin within 12 months from the date of VA loan closing, the lender must consider the anticipated monthly obligation in the loan analysis and utilize the payment established by calculating each loan at a rate of five percent of the outstanding balance divided by 12 months.

You might have a home that literally takes one dividing wall of 2x4s and a kitchenette, or you might have a home that you need to add exterior doors, breaker panels, relocating utilities, etc.