Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

You could also reach out to a local, reputable, property management firm to see if they offer a la carte services for lease preparation, application processing, move in inspection, etc, if you are planning to self-manage but need some help with the more formal items.

- **Escrow for Property Taxes and Insurance** (if applicable): If the seller’s mortgage already has an escrow account, the lender handles the property taxes and insurance, which are included in the monthly mortgage payment

These contracts and discussions within the community are augmented by the real world applications of the same, as well as the corporate structure necessary to provide all the protections and benefits.

Timing your permits and applications might be tricky.

All an agent should do for you is list the property to generate showings => to generate applications, that YOU then screen.Now, they may actually be asking you want screening criteria you want them to advertise, which is fine.Can't answer your question though, without knowing if this is a Class A, B, C or D property - as they will all have different criteria.Here's a sample of some of what we use in our Metro Detroit market:Class A Properties:Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Hi all,Is there a free online application portal landlords can use for free?

And if I feel the flooring is in good condition, even if not new, when I’ve had applicants that didn’t like flooring color (usually use a darker taupe), I tell them that’s what area rugs are for.

I have two applications from the same household.

@Kris Lai I ended up withdrawing my loan application and went with Alliant Credit Union instead.