This form is filled with a group of people who want to share ideas and help other members celebrate success.

If you aren't real familiar with the VA loan guaranty, give me a shout and I can fill you in, and also turn you on to a few local VA lenders.  

If that is the case you will need to fill out a "Rental Application" with Ann Arbor building department.

I'm thinking that getting a refinance before signs of a downturn would fill your war chest, but at the same time, would the mortgage be too high?

It's funny you should mention this...Last year I had several parent/ child adult occupants fill out an application where the child (mid 20's or so) had an impecable fico and the parents FICO was wrecked.

Of course, if you are going the self-assembled team route (as opposed to full-service turnkey), there is the possibility that one of the cogs in your machine fails - your contractor bails or under quotes, your PM drops the ball - and you have to take a last minute flight to do damage control and find replacements.

If you don't have a lot of interest, I'd just show it to them and have them fill out an actual application. 

The addendum will basically be instructions for escrow to fill in the promissory note and trust deed.

I would even go so far as to say that if you happen upon an absolutely smokin' deal that would be perfect in every way as a rental except for the fact that it has a pool, I would factor in the expense to fill in the pool and only then if the numbers still made sense would I proceed with it as a rental, either that or keep the pool and flip it.

Robert, those are all pretty normal, except i would try and negotiate out the $25 fee for vacant unit, it's there job to fill those units, why should you pay them something if they cannot fill them.