I come with a tape measure, my repair price list (I’m a contractor so it helps), and a copy of at least 5 comps (preferably 1 in a state of disrepair, 1 in fair but outdated condition, and 1 fully remodeled).

If you're going to live in the 1-bedroom, I actually prefer the strategy of keeping the rent a little lower so you will have a bigger pool of applicants from which to pick your cotenants.My one piece of advice for this property is to put in an offer quickly.

Both of these would normally get factored into escrow, but if applicable you’ll be responsible for paying them out of pocket Last note-even if the seller requires a down payment, you have other options.

That said, the lender would be more likely to refuse your application than undertake such measures. 

I’ll be renting out my first apartment soon and I’m interested in learning the best strategies of screening the applicants.

@Nathan Williams process the applications received quickly and pick the best applicAtion only based on approval criteria.

With the water supply lines underneath the home, it's important to wrap them in heat tape and make sure the skirting is always secure.

These include "new application packet", "new tenant packet", "Late payment packet", and "Move-Out packet." 

They have business, finance and supply chain degrees tailored towards the airline industry (but applicable to real estate). 

I think it has to do with the amount of applications they are getting in lately and refinancing requests maybe.