Hello just wonder has anyone had any experience using Loan Exchange??

I would suggest confronting the issue head on.

I was wondering if you guys have any solutions to avoid the mess of having her file for tax bankruptcy?

The 50% rule states that approximately 50% of EGI will typically be consumed by operating expenses.While the 50% rule provides a quick estimate, actual expenses can vary widely depending on the property type, location, age, condition, tenant mix, and market conditions.Here's an example: if a property generates $200,000 in EGI per year, the 50% rule suggests $100,000 would go towards operating expenses like taxes, insurance, utilities, and property management.

If you are not a seasoned investor, I would not suggest this. 

I'd suggest that you actually do the numbers to see for yourself.

I'm just wondering what you guys have for predictions based on what you've seen first hand...Thanks! 

They do have a post suggesting they will do deals above a 1 to 1 ratio but give no specifics.

I’d like to start charging for applications, and screening myself, any suggestions of best way to do that?

Any suggestions on a better way to do this transaction?