Unfortunately, we have had to apply this across the board even if tenants have been late numerous times in the past. 

Once we receive the application, we send them a background / credit check invite through cozy.co.

We had to fire numerous bad PM’s as we learned the ropes, but we survived and we learned the value of good property management!

They are numerous ways to come with creative financing and if you keep digging in this forum alone, you come across novel ideas.

I may be inviting more challenges and to your point, regret. 

There're numerous podcasts on the topics with a ton of great guests.

remodel old homes, invite more tenant What was the outcome?

Whenever a prospect reaches out to me, be it by email or by phone, I take a moment to go over the criteria with them before inviting them to tour the available unit and fill out an application.

The last sentence clearly states that after including the net rental income in the denominator or loss in the numerator, that the rental property mortgage payments are not also supposed to be included in the numerator as monthly obligations.

Then, there was the foreclosure crisis and the loss of numerous first-time home buyers' properties.