I prioritize applicants with a high income-to-rent ratio, a good to excellent credit history, and a stable employment record.

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.

This campus hosts a large Magnolia home goods store, high end furniture store, cupcake bakery, coffee shop, gardening shop, live music concert venue, large grass area with toys and balls for kids to play with, an open plaza with eight food trucks, a small baseball field (that Babe Ruth once played on and families can now play on for fun), a restored historic chapel (the oldest chapel in Central Texas), and six boutique shops with men, women, and children's products.

Quote from @Max Smetiouk: Quote from @John Malone: @Ryan Leake Id agree with others, it is not a loophole, rather, the correct application of the law.

I've heard that you might need a hard wired fire alarm system, but haven't heard of needing a supression system, I thought that was only for commercial buildings or restaurants, but I think I will fill out an application for variance and see where it goes?  

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Fix it properly, then rent it out to a highly qualified applicant. 

So if the appraiser determines for example that the average rental amount for the area is $1,500 then the mortgage, taxes and insurance (and HOA if applicable) need to be at or under $1,500 to get the most favorable terms. 

I would have never suspected giving somebody who has no money and no experience to buy real estate would not get returnedOh and your payday lending loan is also not securedI remember when I used to drive by stores like this called payday loans and pawnshops - which atleast there you had to give up your Casio watch

For us, screening takes place from the time we (someone from the office) speaks to the potential tenant, through the showing, and the application process.