I usually see 10% of rents plus either half or all of the first month's rent on new leases.

The difference is that they are conventional lending products and do not follow a FHA appraisal is sometimes or all of the of the time scrutinized.

And check with their prior landlord (NOT current) to get their input regarding whether or not they would rent to the tenant again.You might want to look into buying a duplex and live in half of it when you are in town, and rent out the other half year round, letting them make or portion (or all) of your mortgage payment :)

Or all of the funds poured into an all cash deal?

If a bank does a loan in the name of an LLC, it would require personal guarantees of most or all of the LLC members.

That said, I assume all this was done orally and you have no written record of this conversation.

This can also vary based on who takes on the loan (myself or all of us). 

Travis White and David Olson great job on the strategy of consistently and frequently analyzing deals, this is something that I am sure most or all of us RE investors should be doing on a consistent basis...it’s a great way to become more adept at running the numbers and getting to know the market so that you are able to spot a good deal when one surfaces.

another thing to consider would be paying down some or all of your outstanding high interest bearing debt that would improve your FICO score which will help with getting approved for your home loan next year.

One or all of these things will happen, and then COVID will recede into our collective memories.If you're focused on near-term questions, my top question is whether we'll have a recession or a depression.