We don't allow people to apply before viewing the property.

The US has consumer protection rights that should apply to this space. 

Short term, assuming the real estate lobby doesn't sue this to keep delaying/appealing, once it goes into effect there will be no more broker fees paid by tenant *unless they hire the broker*Some long term effects I can predict already: - Landlords now having to absorb broker fees will bake this into the rent (e.g. how "no fee" units typically are priced a little higher than other units) - Real estate board will require another document (or checkbox) for tenants to sign stating that they're hiring the listing broker and responsible for compensating them for their fee *if* they apply and are approved- Regular New Yorkers will have an even harder time to find an apartment because you cannot legislate/regulate away a housing crises... 

The first point I was hoping to get across is formulating your entity structures in a manner that will achieve anonymity does not prevent claims from arising.To apply this in a practical manner, I volunteer myself. 

@Ray HernandezI would reinforce what @Will Barnard said above and try to apply this strategy to both options.

Appreciation is not evenly applied in a market.

To add what he is saying, You also are missing some VARIABLE cost here which should be applied to UW.

Recently 2 new grads from out of State applied to rent my vacant 3 bed apartment.

Can be side hustles, education, applying at other places but income is a huge factor in order to invest.

With all the money they had made from the show they bought a few city blocks in the heart of the neglected downtown of Waco, applied their renovation magic to it, and quickly built a beautiful Magnolia campus in the heart of the city.