I believe both methods have their place and it depends on climate and building construction which is applicable.

I'd say it would, it is a lot of work......also, a thin application of floor leveler will low spots, don't use too much as it will crack and show through cheaper vinyl. :) 

If you try to obtain an interest override (as many try to do) you'll mess up the amortization and application of funds and you'll have compliance problems, make sure you don't commingle principal amounts in a wrap!      

You should at least get a background/ credit check on all tenants, proof of income, and a fully completed rental application. 

Just saw this story here: http://bit.ly/2d6Px2RThe gist of it is that beginning tomorrow Saturday 9/24/16 lenders will now consider a mortgage applicant's payment history over 30 months to determine their credit worthiness.It is called "trended credit data".Borrowers that pay in full are seen as less risky and may qualify for a lower interest rate and borrowers that just pay the minimum payment will be considered higher risks.The old trick of avoiding large purchases right before closing on a mortgage and keeping your credit nose clean for a few months will not work.Bad news for flipping because it will shrink the buyer pool as more people will have a harder time qualifying.

The reason we are thinking of doing this is he has been the best applicant so far.

I don't think we have a right to tell tenants how to live, but we do have a right to set living standards vis-a-vis the lease; e.g. setting expectations.My duplex has an upstairs tenant who was messy, in the sense that they didn't clean up their food and dirty dishes.

I have heard that both have increased their spreads substantially and may not even be taking applications.  

Personal guarantees are only activated if the business begins to default; if that is the case then you would probably count it as personal debt on a loan application because upon activation of the personal guarantee that business debt becomes personal debt. 

I stalk a lot thru facebook once I get an application.