Is your potential tenant pool realistically limited to one very specific and small ethnic group, or is the neighborhood diverse enough so that your applicant pool is large?

These "strategies" came about with an applicant who came to me to refinance and cash out to make repairs needed to sell.

Some banks are more willing to listen to a story loan (more to the loan package then what the application shows).

Hi BP,I recently closed on a cash purchase, which I have started making small renovations to get the property rent ready for potential section 8 applicants.

It could be that some rube installed shut-offs on each appliance to bring up to code (back in the day, shut-off on each appliance was not mandatory everywhere); and instead of using pipe thread dope used teflon tape, but white tape rather than the yellow teflon that is required by code.

This definitely speeds up the process.I've never had a vacancy last over 1 week and I've never had a lack of applications in my hand.

That's because you're comparing them against everything else.So, I'll typically do all of the following in a typical renovation:- Paint the entire interior- Replace all the flooring- Replace the cabinets- Replace the countertops- Replace the applicances- Replace all lighting fixtures- Replace all plumbing fixtures- Refinish hardwoods- Replace all doorknobs, outlets, switches and cover platesOn top of that, I'll do any mechanical repairs necessary, any exterior repairs necessary and replace anything else that might detract from the aesthetics.

I would find out more info first, such as how long have they been there, do they pay rent on time, does the owner have an application they filled out, was there a lease originally and it just went month-to-month at some point?

Understand that simply making application is not that big of a deal.

Any unused portion of escrowed amount shall be returned to Seller.110* (b) COSTS TO BE PAID BY BUYER:Taxes and recording fees on notes and mortgagesLoan expensesRecording fees for deed and financing statementsAppraisal feesOwner’s Policy and Charges (if Paragraph 9(c)(ii) is checked)Buyer’s InspectionsSurvey (and elevation certification, if required)Buyer’s attorneys’ feesLender’s title policy and endorsementsAll property related insuranceHOA/Condominium Association application/transfer feesand the broker is trying to nullify all this with a "Agreed sales price to include unpaid by bank liens, taxes, attorney, closing, processing and or related pertinent fees"?