However, how much they’ll see can depend on brokerage policies, so it’s worth confirming with them directly.Transaction Coordination: It sounds like you’re used to having a support system in place, so doing it solo may feel a bit different at first.

.$10k STR rent on $1.3m property at 80% LTV  will be negative cash flow when properly allocating for all the expenses.  

Are they good with tenant and vendor followup to ensure job has been done and properly?

Your attorney will review the contract, help with due diligence, and ensure that the closing process is handled properly.

You are correct the proper word I am looking for is ownership.

3.Additional Fees: Are there other fees I should consider, such as maintenance coordination, lease renewal fees, or vacancy fees?

I do think they were trying to have a legit business, but I think it was out of hand and they weren't able to manage it properly.

Also, there's the added risk of being compliant with federal regulations & state laws as well as properly assessing/vetting both the borrower and the property.

Waco is a great rental market because there are so many blue collar jobs that provide consistent demand for housing (I have heard that 80% of homes in Waco-proper are non owner occupied) but there is a lack of white collar jobs that would keep Baylor graduates here or bring working professionals from Austin/Dallas. 

If the score is too low, does anyone have the proper wording to tell the applicant that we can proceed further due to this?