You would further want to verify exactly what information the lender issued that preapproval.....did the borrowers submit actual tax returns or just W-2's, were 2-3 months of actual bank statements supplied, were the down payment funds verified, etc.?

I haven't seen any that go to 100% but 5.25 for a variable rate seems high to me.

If other military people who have lived in the area are telling you there are a ton of rentals there, that means there's more supply than demand, which means that renters, not landlords, have the upper hand.

Reasons:1, Salaries High2, Folks with variable interest loans were evicted from their houses in record numbers like 8%, and this created a Rental Shortage in the entire region.

With social security numbers, addresses, names, and all of the other info supplied (I also don't ask for dates of birth), we are just asking for identity theft.  

Good habit to learn early...If you agree to install vents/connectors, inform the tenants that the rental rates for these units didn't account for water usage from in-unit laundry, and that now that they are using the washer on your water supply, you're going to have to adjust the rent accordingly or start billing water seperately.Seperate metering shouldn't be too expensive, $300 a unit or so.

Next it's very important that you understand in the rental business there are an unlimited amount of variables at play at all times.

A year worth of roundup supplies for lawn care.

Supply Chain Management4.

I have no personal experience with renting but I suspect is may be an issue filling the property as the supply of multifamily homes in Lakewood is fairly large.