I would suggest working with a tax professional so that you take advantage of deducting all the applicable expenses.

He and the wife walked through the place and liked it and put in an application and deposit. 

Well, it took 5 weeks (and me reminding him that I could evict based on our no guest for more than 5 days policy) to get her application, security check came back ok but they couldn't come up with the additional pet deposit and wouldn't set up a time to put her on the lease.  

A couple highlights are to make sure you have the "non-standard rental provision" section where things like lates fees, security deposit and applicable charges, termination fees, and automatic lease renewal clauses are located.

has an excellent point - regardless of what the quoted rate is, there is no lock on that rate until you actually proceed with a formal loan application.  

On the last page of rental application for section 8 their is a 3 blank section to fill out for putting.

There are several that offer a corporate sounding receptionist to announce your company which ask the caller to enter the applicable extension of person they wish to speak with.  

Any advice on a specific type of application (residential, industrial, or commercial), to get your feet wet?

You can however, be foreclosed numerous times if you are over-leveraged and you have vacancies, major repairs, or other unforeseen emergencies.

a few weeks ago i realized something that @Brandon Turner mentioned in a recent podcast - I seem to learn something about real estate almost every day. i have met with numerous members from BP and other sites, so thought it would be good to list the things i learn as i go.- if you have a wholesale deal, dont name your asking price, let the buyer name the price.