Not bad.Until a buyer walks in and sees poor cut-ins, streaks, uneven applications, etc., and they decide that because of the quality the house is worth more than $2000 less than market value...And, if you can teach someone to paint like a professional in an hour, you could be making a lot more money teaching than flipping houses! 

If your prospects for getting more qualified tenants are reasonably good, I would reject their application.  

SS applicances, maple cabinets, granite countertops, new moldings and casings throughout the floor.

Even when you have worked out your own 'rules' that should be applicable to your market, I would still recommend that you NEVER multiply out that percentage to arrive at your 100% Maximum Offer!

John's hard money lender had a rigorous application process and none of the deals I submitted were approved.

It just says as applicable by local laws.

I only had to put down 5%, didn't need PMI, closing costs were minimal, no application fee, no appraisal fee, no credit check fee...and no junk fees.

I tend to agree with you but only in part.I do blame "part" of the problem on "bedroom" (mortgage) brokers who helped, and in some cases "encouraged" loan applicants to falsify documents, particularly income statements.I blame the "don't worry, be happy", the market will take care of everything attitude of the Bush (and Bush Sr. and Reagan) administration toward any type of oversight of the mortgage business.As we all learned in high school Civics class; people may be honest, but when an opportunity presents itself they will cheat.

There is a $50.00 application fee due at the time of the consultation and you would pay NOTHING else until services are fully complete, and since we are now non-profit, the client only makes a donation that they can afford.

Hey buck,Since it sounds like you are pretty new to commercial loans, I ran into an article that may help you out.http://afgen.com/commercial_loans.htmlIt talks about the differences between residential and commercial loans as well as the application process.