You will quickly learn the ropes, earn a good paycheck, and determine whether this is a career path you want to pursue.

The only figure I can’t determine is the monthly mortgage because interests fluctuate and the down payment.

We use a YTDpaystub and last year’s W-2(s) to calculate income several different ways:Hourly or salary income calculated to a monthly amountYTD income divided by number of YTD monthsYTD + W-2(s) income divided by the corresponding number of monthsIf these numbers vary too much, then we investigate and require an acceptable Letter of Explanation.Employment StabilityUnless an applicant has exceptional credit, we strive to determine their stability of employment to make surethey’ll always be able to pay the rent on time.

Based on 1. above determine the maximum amount your willing to pay to avoid a lawsuit and the realistic “target” amount you’d want to pay given what you learned from the attorney consultation3.

This has allowed us to provide all of those little things that can improve the guest experience, without debating budget for things like zip lock bags, tin foil, etc.We also evaluate all our potential new owners to determine if it's truly a good fit for us and our model. 

This will determine the type of experience you will have with your investment. 

Without seeing it, there is no way to really determine the costs. 

My understanding is that Encompass doesn’t specifically ask the dreaded student housing question on their app (I certainly have no intention of lying on an app); however, if I’m understanding you correctly, it sounds like regardless they reserve the right to inspect in the first 60 days and cancel if they determine it is a student rental?

Additionally, they test to determine what sort of mold/s are present, so as to determine toxicity.  

The appraiser will do a 1007 to determine the market rent and the lender will use that figure to calculate the Debt Service Coverage Ratio.