@Mark S. 

Originally posted by @Mark Peeples:Originally posted by @Andrew Boettcher:Give tenant a notice to pay or quit.

Mark them up, get a small down payment, and charge interest. 

It's so easy to get locked in the mindset of "lowest possible interest rate"... but I also have to remind myself that interest rates *may* be creeping up, but they are still phenomenal comparatively speaking.I hadn't even considered the refinance aspect either, @Mark Creason.

@Mark AinleyI have a welder I used last year in front step railing repair.  

I provided this information to my client, and suggested we waive the requirement considering: They had no negative credit marks, they were close to the required score anyway, and they had the necessary income.

Common fees will include a set-up fee, leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

So if you need that STR income to get your DTI in a good place, a DSCR loan may be a good option until you hit that 2 year mark and can count your STR income.

Poor screening often results in lost rents, legal & court costs and costly damages.Screening of applicants includes the following:Full credit/eviction/criminal checks are done, instead of score-driven reportsVerification of rental history includes validation of actual property owner to avoid fraudVerification of stability of income & employment via YTD paystubs & W-2(s) (analyzed to confirm not fakes)Income is calculated 3 ways to spot stability anomalies: pay period, YTD average and YTD + W-2 average.Debt-to-income analysis (more accurate than traditional 3x rent requirement)Bank statement to see if NSF issues, if deposits support income, prove MoveIn Funds, also analyzed for unusual transactions.Pet screeningHolding Fee required from approved applicants to make sure they are serious, before a property is marked pending.

I highly recommend Mark Perlberg.