Once you have enough applications, pick the best one using a consistent weighted matrix (e.g. income, credit score, employment history, landlord history, tattoos, haircut, you get the picture.  

I spoke on a panel of landlords this week before state and local housing workers along with several agencies (sec 8, shelter reps, rapid rehousing, etc).  

If you can do that, you do what you want, when you want because you will rapidly be financially free. 

Great tenants are worth their weight in gold! 

But right now you have a rapidly depreciating wonder to sit in 5% of your time that's eating up a serious bite of your income. you might as well be throwing a hundred dollar bill out the window every three trips in it.I speak from extremely painful experience. 

It can just as easily mean the city/area is growing rapidly and appreciating (which is what most investors hope for).

The North Texas market is exploding and property value has been increasing rapidly.

In general hard money lenders all tend to use the same factors as the most heavily weighted when determining pricing.  1

@Jake Engle If you find the right commercial program then the impact to your cash flow will be minimal and other benefits may out weight it anyway. 

Having been in BIGGER student debt than now, sometimes there's a mental victory from not feeling that weight.