A grace period of X days allows for the delivery of good funds without penalty (if applicable) and a late fee of $250,000 shall be assessed per day (as applicable and allowed).

It's a short little book, and it's aimed at people in sales, but I think it's applicable to life in general and our business in particular.  

Buy in a desirable area, near the metro if possible so it would be easier 1. to market it, get many applicants and have more choices to select a good tenant. 2.) ideally get more professionals/steady income renting who will hopefully give you less headaches.

By the way, if you have an Android device, then you will love this application for your cell phone.Karl's Mortgage Calculatorhttps://play.google.com/store/apps/details?

It's just an application form that you fill out on the state's website and give them your credit card # to pay for it.  

Good post  I signed a lease this week after turning down over 20 applicants...  

Jerry is correct, also I think lenders ask that you disclose that you have another property on contract during an loan application.  

When it comes to residential (1-4 units) and small multi-family (5-10) we typically purchase distressed properties and perform a deep energy retrofit, with the result being units which operate 40 - 75% more energy efficient following the retrofit.While this does not necessarily increase the rent we can command, it has proved to decrease our turnover and vacancy - tenants stay longer and, when they leave, we often have word-of-mouth applicants before the unit becomes vacant ... just last month we had 5 inquiries and 3-applicants on a property we had yet to advertise.

As @Michael Roy mentioned I have a provision in my applications stating that if my list of pre-qualifications are not met I may choose to offer approval based on increased security deposits, prepayment, etc.

Some good language below (only if applicable):- Cozy- Family friendly neighborhood- Near the school- Spacious- WarmHighlight rooms as the "breakfast nook" or "dining room" or "family room".