That way, if the account balance drops because of whatever the market did that day, and the amount you're applying for is more than half the account value, it will be rejected and you'll have to start the application process over again. 

It just went on the mark a few weeks ago and we are currently processing applications for our first renters.

The other one lied on her application,  but is still there and some outside group is falling for her scam and paying her rent.I was planning to get many more houses there. 

I know I am getting a lot of interest but no qualified applicants.

So what I’m just confused about is that it’s obvious the more money you put down, the cheaper you’re expenses are (mortgage and Interest, PMI if applicable).

Utilities, snow and landscaping if applicable.

If you want to subdivide it, a lot of times you can split a lot in two with just a survey and an application, for a total cost of $1-$2k.

There are limits on what we can charge for an application fee- and I have a lot to say about that, but I'll save it for another thread.

They give you no screened applications and leave you vacant for months, while looking for the diamond in the ruff tenants.5) They ask you to put money in a reserves account for any maintenance that comes up.

Obviously some of these fees will be not applicable to certain properties.