If the tenant has a score below this, it will result in an increased deposit or cosigner requirement.A bankruptcy discharge will result in application denial.A paid rental collection and/or judgment will result in application denial.Smoking Policy: Our rentals are strictly non-smokingTenant’s guests who smoke should only smoke outdoors, at least 25 feet from any door or window and not on the propertyTenants will be fully responsible for damage caused by them or their guests during their tenancyPublic Records Criteria:An eviction and criminal records search will be conducted as part of the screening process.Applicants will be denied for the following or similar reasons: False, inaccurate, or incomplete applications; credit scores, evictions,judgments related to rental residency, tax liens, unpaid child support; current bankruptcy proceedings; felony convictions, multiple felonies, physical or violent crimes, domestic violence, sex offenses; and/or appearance on any sexual offense or terrorist database.Applicants may be denied or required to pay additional deposit or rent for the following or similar reasons: Insufficient verifiable income, excessive late rent payments, broken leases, property damages, unpaid rent, mortgage not current, foreclosures, credit scores or no credit score, excessive credit collection balances, slow pays, drug related offenses, etc.Cosigner Criteria:If a co-signer is required, the co-signee must have a gross monthly income 3x the monthly rent.

But 2 origination points does seem excessive.

And, here's why:  our year-over-year rent increase exceeds 7.5% and our year-over-year property appreciation is in excess of 5%. 

I found the amount of the insurance to be excessive and question the need for the insurance at all but the buyer wants it I also find it ironic the in Colorado it ie accepted that the seller pays for this insurance, I understand it can be negotiated.

intcmp=vhp-bb-fbcIts important that things get done, quickly and in a professional looking manner vs just being the cheapest in town.What I am saying is it's (also) important to Judge the outcome by the quality of the work, and the speed (to prevent excessive downtime).Cheapest is not always best.

Depending on your credit, down payment, property details, if you're self employed you may have to use two years of tax returns.Generally people will consider a DSCR loan if they have maxed out their DTI, don't have a regular W2 job, don't make enough money to underwrite a loan based o their income, would like to hold the property in an LLC or would like an easier underwriting process as the lender is only looking at the purchase property and not asking for lots of income documents or excessive documents for other real estate owned.  

Of course the list of violations are excessive which in turn increases my acquisition cost.

Since I will be a college student my main focus of purchasing properties will most likely be creative financing, as I will not have much extra money after housing, tuition, and all of the other excess costs for a college student.

major red flags I've seen that are not mentioned above:most recent landlord reference is overly positive regarding the applicantinability to complete application without excessive handholdingoffer to prepay rentoffer of additional deposit in lieu of credit check

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.