Keep in mind the 70% rule, is a rule of thumb, it builds in a heft margin, selling costs and room for error.

The concern I have with this one is that they charge errors and omissions insurance which is over 200/month but they said they make it 100 with the rest drawn from commissions.

There is no mention of smoking in his lease but we have informed him that we have gotten complaints from the other tenants and he is not to smoke anything in the apt or common spaces anymore.

LNAs are fairly common. 

Instead they permit a certain amount of occupants based on how much common area is in the home (kitchen, living rooms, dining rooms, den).

A very common business model for HML is to promise the world, get everyone into escrow, get everyone to apply and pay for an appraisal......then cherry pick only the very best and safest loans to fund, and find a BS reason to deny all the others.

So not common but also not rare.

If current title is tenancy in common, then both your grandmother and mother will not be pleased to hear that their estate will be subject to probate.

They tend to overwhelmingly base their decisions on emotion rather than common scenes.

So with that reaction and the first rent payment being 1 day late, which was an address error on his part, we decided to go with a 6 month lease.