They're paid one-month's rental fee to list the rental, screen tenants, show the property and run all credit/background checks and application paperwork. 

They're paid one-month's rental fee to list the rental, screen tenants, show the property and run all credit/background checks and application paperwork. 

That way, if the account balance drops because of whatever the market did that day, and the amount you're applying for is more than half the account value, it will be rejected and you'll have to start the application process over again. 

It just went on the mark a few weeks ago and we are currently processing applications for our first renters.

The other one lied on her application,  but is still there and some outside group is falling for her scam and paying her rent.I was planning to get many more houses there. 

I know I am getting a lot of interest but no qualified applicants.

So what I’m just confused about is that it’s obvious the more money you put down, the cheaper you’re expenses are (mortgage and Interest, PMI if applicable).

Utilities, snow and landscaping if applicable.

If you want to subdivide it, a lot of times you can split a lot in two with just a survey and an application, for a total cost of $1-$2k.

The ways in which someone can trick or scam you in real estate are numerous so it would be difficult to comment specifically based on what you've provided, but just the fact that someone took the time to go to a meetup and give you a business card offering to provide their service in and of itself isn't sketchy.