Hey fellow BP members,I have this question that have been nagging me.I understand that the best practice is register the entity in the State that you are buying the property in rather than go through some method advis...

We have a minimum income requirement to qualify for this unit (3 times monthly rent); based on your email, it appears you meet those qualifications.

If we are unable to verify any part of the rental qualifications within three (3) business days from the date the application is submitted, the application may be non-approved and the Application Deposit refunded.

My scheduling e-mail states the typical qualifications and that I do not accept applications until they've seen the unit, and my application states that the first qualified applicant to pay the security deposit, first month's rent and sign the lease holds the unit. 

My screening requires that a tenant meet certain personal qualifications, ability to pay and my ability to collect are mandatory.

Ryan - I would say  yes to the main question ...its  best to  start with using  hypothetical scenario  that is likely higher than you plan to use  ...ask the lender to  use these figures...provide them with all the  data they  request  ...ask them to fully underwrite and  approve the  file  ( versus just  providing a  " pre qualification "  opinion  based off a loan officer  reviewing the data ) ...getting a firm / formal  loan approval commitment  is free and  this should allow you to know  exacatly where you stand

Good day everyone,So I'm primed to buy my next deal, I already have a pre-qualification letter in hand.

If it's a larger organization, feel free to inquire about their different staff qualifications.2.

If it's a larger organization, feel free to inquire about their different staff qualifications.2.

But you have to qualify for Medicaid, and they look at all assets, including any disposed of in the five years before the qualification.