And I assume this would be true of any other property type...rv park....grocery store....short term rental.Exactly how does it work

I mean someone started storing their belongings in one of our units without our knowledge and without ever paying for unit, signing a contract, or ever starting the process at all.

What happened to the BiggerPockets app on the itunes store?

Check into fair housing - it's my understanding that you have to screen every applicant in the same manner.

If we assume that equal application of inflation, and we're JUST looking at inflation, stocks come out ahead (There are real life reasons why real estate might [& often does] come out ahead of stocks, we're JUST looking at inflation here, with a very simplified model).

If your PM doesnt let you have final approval of tenants then its easy to put the first applicant in an over priced property.

Moreover, should that roof need replaced, you again have access to the money for the project in the stored "equity" of the property itself.That would be a very safe start.

If so, what do these usually cost (per applicant?

I've seen it multiple times where they take your application, conditionally approve it, then sit on it for months only to come up with BS as the last second that should have been caught when you first applied for the loan.

If so do you correct the application fee?