I just wanted to try to save someone/anyone/everyone thinking of using LegalZoom for the formation of an LLC or any service you may be considering.

I believe what everyone else has said and the other warning I would give you is DO NOT pay any money up front for an application fee or something like that. 

I also have property management companies run my properties as well.SituationGoing to close on a property in Minnesota, and upon looking into the rental licensing for this particular college town Saint Cloud I read some disturbing information which I couldn’t believe was real.It states in the application that if the owner lives 45 miles from Saint Cloud.

I have a prospective tenant that filled out an application.However I need some advice on qualifying this individual.The current rent is 3600The applicant is a family The Spouse doesnt work The main applicant gross W2 income is around $10000 monthThe monthly net income is $5700No car loan's No credit cards balancesThey pay $800 month on a personal loan.Since a rent check is written after net income is received.

And you provide services for the S-corp.The S-corp then should pay you a reasonable salary, and your (disregarded) LLC should not be part of the payroll arrangement.

Basically you can get a loan that's underwritten based on a property's NET Cashflow (after debt service and all other expenses per a T-12 P&L, or in other words, REAL world cash flow), and based on that, obtain an unsecured loan against it.

If he worried customer service would suffer which means your ratings will suffer as well.

I’d recommend going with a local lender that you have a good relationship with as opposed to a large national company as they are likely to have better immediate customer service and are more likely to respond in a timely manner, which is important for your first loan.

If they would flounder at your exit, you should command higher value for your service.

@Tom Server made a great point:  confirm their services (ie: are they paying your taxes and home insurance).