@Bryan Melendez what do you mean by      "My goal is to submit a couple of landlord applications" ?

We didn't build some sexy software application in silicon valley.

By the way, these are the choices I have:(OAPR) PROBATE/GUARDIANSHIP ORDER APPOINTING PR/GDN(OAW) PROBATE ORDER ADMITTING WILL(ODPR) PROBATE/GUARDIANSHIP ORDER DISCH PR/GDN(PBO) PROBATE/GUARDIANSHIP MISC ORDER(PTPR) PROBATE/GUARDIANSHIP PETITION DISCH PR/GDNThese are some "trust" categories:(TRNOT) NOTICE OF APPLICATION(TR) TRUST

Your offer should have included a requirement that the Seller transfer all tenant documents (application, payment history, lease, addenda, etc.), spare keys/openers/codes, prorated rents based on the day of closing, security deposits, and anything else pertaining to the rentals and tenants.

It is applicable to LTRs and passive investments.

But it really gets serious with how you handle showings, your application, how you conduct tenant screening, credit / background checks and your communication style throughout all of this.

I got an applicant from army retired.

For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

You can still depreciate the property, perform a cost segregation study if applicable, and deduct ordinary and necessary expenses related to being a landlord.

In 10 minutes of looking at your application they can tell either "This will work", or "You need to fix these things before it will work."