So now I am seeing the same type of wages/applications today as I was seeing 5-6 years ago.  

@Dawn Quinn so you just go in LinkedIn and search for your applicant's name to see if their jobs on the application match their jobs on LinkedIn?

Anybody with experience with this kind of application care to comment?

Cozy.co is a good app to organize your properties, create listings, accept web based applications, run credit check and background check, and collect rent payments for free.

I see a lot of problems with how landlords assess applications and decide on deposits that could cost them a ton of money down the road. 

Case in point was when a particular loan officer responded to my inquiry on a pre-approval application that they had to check to see if the income from the rental counted when figuring my DTI ratio.

A year or so ago I heard advice on house hacking strategies and so far without including the cashout refi monthly mortgage expense (because no co-owner has cashed out yet so it is not yet applicable) renting to tenants with one co owner being a primary resident to manage the property has been positive cash flow after taxes, expenses, cap ex, repairs, vacancy, ect.

There are a lot of great options out there; aside from providing the basics (ie. listing tool to get the property published to 10+ major sites, scheduling tool to schedule viewings, tenant screening with comprehensive applications which include nationwide criminal background checks + credit checks + eviction history, digital lease creation tool, rent collection tool, and maintenance tracking tool), some services also offer your tenants additional capabilities which makes it an easier sell on your end when getting them to transition over (ie. all of the other tools in addition to their ability to report on-time rent payments to the credit bureaus; this can create an added incentive for making sure they pay that rent on time).

Hello BP,What is the best way to give out screening applications and collect the screening fees for potential tenants?

You could put a for rent sign at the property sooner, but we find that it is better to focus on the rehab rather than stopping all the time to show the unit and process applications.