I recently completed an online application to obtain a Hard Money loan. 

@Ann Bellamy that is interesting because here in Oregon they are forcing us to accept Sec 8 applications.

Etc etc. can create problems for the brokers vis a vi their contract duties.. and if all the I's are not dotted and T's crossed their broker may withhold their commission check.. and that would not make for a happy agent. 

TILA section 129B uses the term “residential mortgage loan” for the purpose of determining the applicability of the provisions of this rulemaking.

That's why I stick to places with larger population basis and usually have mutiple applications on the rare occaisions that I have an opening.

If you post all of the following items here, I'll post an evaluation of hold vs sell from my perspective.TaxesSewer and Water (generally paid by tenant)Trash (generally paid/dealt with by tenant)Heat/Utilities (generally paid by tenant)HOA (probably not applicable)Cap Ex and Ops (my personal minimum is $150/roof/month)InsuranceMgmt Fee - as a % (general consensus here on BP is 10%. include it even if you think you are going to self manage)Vacancy- as a %. (8% represents 1 vacant month/unit/year)

If your asking price is fair the applicants would need some very compelling reason for you to accept less. 

I am wondering where to get a good application and lease agreement specific to TX laws?

So, let's say if you decline a rental application and that person sues you (let's assume for discrimination), that LLC insurance will probably NOT cover you.

This exemption from the lottery is also applicable to mixed use buildings having no more than two residential units, both of which are owner occupied.