Aloha,Our Rental Application has a series of notices on it that include: 1) Unit is rented in the condition it was shown.

It’s a d neighborhood and tenants are lower income” , I more less knew that still had the feeling that I want to take the risk, so I started searching and getting recommendations for property management in the area , came across someone that seemed fit for the job , that told me from 750 apartments 20 are vacant and were going through applicants asked them to check out the property I was interested in,  they came back and said they could manage it for me. 

if so -  ask if you can  ask for a  reconsideration of  value  ...in order for this to have any  chance to  work you  will need to review the appraisal and  provide a list of  any errors  and also  bettter more applicable  comps  that the appraiser  shouldve used  ...if you cant provide any details to increase value  - it wont  change   2) does your  purchase contract  have any wording  on  being able to  adjust the  price  should value  drop   3)  if you want the  property - can you adjust the loan amt to 119K  ( 85% of appraised  value ) and   bring in the 141K difference ?

If you search "NC H.B. 829 short term rentals" you can read about what the legislature is considering vis a vis a city's ability to ban people from renting homes on a nightly basis in NC.

Think how fast your PM could fix your DOM if you said you didn’t like the high #  they cut your rent 10% and boom they have approved applicants 2 days after listing.

I did the permit runs / checks to assure there was no open permits, but as learning the hard way they did not submit any applications, thus none were open.  

Copies of rental applications for all tenants (may not give right away, but always obtain)3.

But the statutory redemption amount plus 3 years of ground rent plus the SDAT processing fee would have been paid when the application was submitted to SDAT.

The 1003 or loan application clearly states you attest that this is all the liabilities you have or know about and most loans to your LLC’s have recourse or require a PG (not all but often they do).If the borrower signs as an “individual,” on the mortgage or promissory note that is them as an individual pledging to repay, now if they sign as a Manager of XYZ LLC that is a different story (then there might be a separate PG document or perhaps its non recourse or not personally liable).Above is in reference to conventional financing and sure there are DSCR/rental loans out there or other types of products that dont care about DTI (non conforming products, hard money, private/portfolio etc).

Anchorage has a really tight rental market right now, so we had lots of applicants, and we were able to be picky.Lessons learned?