Generally, under Section 504, you must pay for a reasonable accommodation, and you cannot make the applicant or tenant pay for it.

Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.

Since they have been good residents, they can stay as long as they like, but we are not accepting applications for new section 8 residents. 

That is the very purpose of setting standards....denying applicants based on mitigating risk.

In addition, reporting companies created on or after January 1, 2024, are required to submit information about the individuals who formed the company (“company applicants”).FinCEN is committed to providing America’s small businesses with the resources and information they need to make filing as quick and easy as possible.

Over doing this 30 years my experience has been that able-bodied applicants are turned off by that stuff in the shower.

Application of 2 layers of redgard, exactly which tile and grout, caulking of all gaps between tile and tub, tile and counter, tile and floor.  

A few things important to our team would be a strong screening/application process, tenant and team communication capabilities, and digital key/gate access integration. 

Assets identified in this study include:Building systems: water heater, electrical distribution, HVAC, plumbinPermanent Fixtures: windows, doors, bathroom fixturesStructural Components: Roof construction, drywall, wood framingInterior Construction: Wood flooring, stairs, ceramic tileThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.

It is important to keep in mind that DSCR is just one factor that lenders consider when evaluating a loan application, and other factors such as property condition, location, and market conditions also play a role.It is also a good idea to consult with a financial advisor or loan officer to get a better understanding of the loan requirements and to get an idea of how your investment property will be evaluated by lenders.Feel free to reach out if you need more feedback, happy to help.