However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law.

However, there is another stipulation I've read as follows, "All applicants need to submit with their application a written commitment from a licensed real estate broker stating that the salesperson applicant will be affiliated with the broker after becoming licensed."

Heck, for $3,000 you used to be able to write a visa check and then roll the balance to a zero rate card every 6 months.

Also get a copy of the tenants initial rental application and credit/background checks (if available) so you can see what sort of folks are living there. 

The problem is if you're consideried a "trader," you might owe 15.3% SE tax, Fed, and state (if applicable), and 3.8% medicare/obummer tax depending on your circumstances & income..

Got taught a lot of math but not much real world application--hoping to learn some here though!

Navigating state tax law and filing the applicable tax returns is certainly not easy.

If the building has vacant units when we submit an offer, we typically request the Vendor allow us to "assist" with filling it (that way we screen any candidates).We review the Vendors application process and screening practices and often will request to re-screen the tenants - we normally solicit consent while pursuing tenant estoppel certificates.  

Lastly, to a certain extent I would also be concerned that an applicant may have too little actual cash available to them if they need to pay their deposit with a credit card.

The more research you can do and hand-off to them in a clear, organized, format, the more you can save on lawyer fees by decreasing their scope of work.Again, every municipality is different, but the approval process for a rezoning typically involves an informal meeting with the City's staff, a formal application, and a few public meetings such as a neighborhood committee, a zoning review board, and the City Council meeting.