If everything else in the application checked out, I would rent to them without hesitation.

Now for the example: This really happened (Chapter 48), a rental applicant when asked where they were currently living and why they were moving said that their house was in foreclosure.

Well, I believe God delayed all of the applications and made their hiring process so long because I've came to the light that real estate is my road to a financial freedom.

I'll rent to an applicant with a foreclosure on their record.

When I was vetting the application and called this couples {at the time} current landlord, the dialogue went: Me: "Do they always pay their rent on the 1st of the month?

I also want to understand what they want in a loan package.I do this all upfront.Then, when you have a property under contract, the lender already knows you, and you can create a loan application package that he's looking for.

Factoring in closing cost which consist of attorney fees , application fees , appraisal , carrying cost ,points ,.etc.

That means deducting each of the components of the house by their applicable depreciable period.This means.

They want only hard pipes and tape.

I had another applicant, but it was a young couple with a small baby and I don't feel like its a good place for a family.