I have looked at rental applications before that listed HUGE car payments and student loan payments and despite that they did earn 3X the rent, they ended up not being the best "match" for my rental.

{EDIT to add} The tenant applicants are the ones where I see all kinds of undesirable traits.

Set up a scoring system to give your your employee so that they can relay applicants that have a high score to you.

Based on the rent that you are expecting would in my opinion require close scrutiny of applicants.

And therein lies the issue, RE financing is unique by terms, collateral, applicable laws and servicing.

I hear applicants give me story after story about several things:1.

Just as with polished concrete, im sure there are even residential applications that would pop.

I'd expect that your costs there would rise to upwards of 15-20%, service calls, application costs, lease out costs.

No, I'm guessing you don't, I don't know either, I just know there is a difference for different applications.

Applications, phone interviews, four different test videos, etc.