All of the college students will likely fail the "reliable job history" test. 

I mean if the device or breaker fails and you replace it did you find what caused it to fail.

I'm not talking about you personally, Im just referring to your quote.AdamAdam,I hear your point and I understand where you're coming from but I didn't see anything in the original post to suggest the agent "pushed" the contract on him or failed to explain it to him.  

I just realized that I failed to copy my post from the very beginning.

After seeing him fail miserably, I decided to try my hand..As of last week, I had 4 units Bought, Rented, and Refinanced (BRRR) and in the last week I put 5 more units under contract, a SFH out of foreclosure and a 4-plex in a solid neighborhood. 

Your argument also fails to realize the equity gains of paying down the mortgage and the massive rent growth over the past 10 years.

However, I fail to see how/why it would have much (if any) impact on individual landlords. 

And Cory I failed to answer your exact question (although I wouldn't recommend trying to buy another one now).  

All in all, the tenant will usually have less credited than they think for loan to value lending purposes and will fail to obtain the loan, that being the plan by predatory sellers. 

Proper qualified Installation is the most important part of any central AC service, and the area where new systems usually fail, if they do.