We're not going to do any showings (we've put up a lot of pictures so people can see what the room looks like), and we have a comprehensive application form to vet tenants. 

Does anybody know what number goes in the cost of good sold question on the SBA application

In those three months I’ve encountered numerous issues with the condo (leaking drain, Furnace repair, AC repair, and a few small issues).

Pending sales are strong, contracts aren't being canceled in any significant numbers and purchase mortgage applications are strong. 

This info has been very helpful and thank God we've reached the point of needing to get a good rental application.

I am reading on the site that it says something about applications for 5,000sf ground disturbance but I have also heard of 13,500 from other developers.

Recheck their lease application.

Can someone explain exactly how the approval and application process for getting the hard money loan/rehab loan/refinance loan works for a first time Investor?

I like the idea of posting your listing at what rent you think you can get, and then lowering it $50-$100 after a few days or a week if you do not get an influx of applications.

Sure, the process could be super-automated and online and all that, but behind the curtain would need to be very talented and numerous humans making sure the machine doesn't break and when it does be there to fix it.