I have a prospective tenant that filled out an application.However I need some advice on qualifying this individual.The current rent is 3600The applicant is a family The Spouse doesnt work The main applicant gross W2 income is around $10000 monthThe monthly net income is $5700No car loan's No credit cards balancesThey pay $800 month on a personal loan.Since a rent check is written after net income is received.

You have to have cashiers check in your hand for foreclosures or you have to pay by cashier checks by 3 PM for a Tax sale house in the counties that I work in.

Before consulting with property managers, I advise checking in with the HOA managing member to discuss this matter.

Dedicate one checking account and credit card exclusively to real estate.

You need to check with your State, in Florida you will have to pay sales tax on any rental agreements of 6 months or less so check for any possible sales tax liability.

By my understanding, they pay a fee to apartments for the background check and application, right?

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..Wishing you the best!

Check out Zillow hottest housing market of 2024: https://www.axios.com/2024/01/10/zillow-ranking-hottest-real...The Columbus market provided great appreciation while the Cleveland market provided great cash flow.

Pretend to be a renter and check the rents there. 

I just checked my BiggerPockets profile to update the number of properties we own (just closed on #27 last Friday) and see that all my information has been blown away, there is nothing there!