I think it can be a win-win for everyone if you do everything properly and above board.

Great idea Charlie, it is certainly always important to properly vet tenants but in tenant friendly states like MA it is even more important.

The lesson learned is that you must, must, must properly screen the applicant.

How is it that standing behind your word and product with other assets and corporate backing is worse than a shell promoter just closing up shop on a failed SPE after you lose all your money?

I grew up and currently reside in Dallas proper and work in McKinney and it seems like rentals are maxed out due to high property taxes.

Perhaps I can be doing that already with the SDA I have and just aren't using it properly?

Generally if you have to fix up a product after you buy it but before it's available to be put to use you would capitalize those items.

What is the proper way to notify the other two that they have not been selected and their app fee will not be refunded.

there is nothing the other can or can not do.A Direct writing agent, who represents a single company, and per their contract cannot sell other insurance carrier products, may be giving a bias very point.Just find an independent Broker/Agent and you can get access to multiple insurance options.

If you are looking at commercial products it can be a lot faster.