Based on the OPs post, the trajectory of the area is flat.

I've seen cases where BPOs were done without the agent/appraiser even going into the property, so to say that the bank has factored rehab costs into the equation is many times flat-out incorrect.On many occasions, I've had the bank come back and say, "Please submit 3 bids to support your offer."

Usually I won't make multiple applicants pay my screening fee, if my initial meeting is good enough where I accept that tenants appliance and fee, I also have them submit their security deposit for holding, which I don't put in the bank until mutual acceptance between both parties; however, as each adult is paying $53 I wouldn't make applicants pay who might not be chosen.

Texas, Missouri and Indiana are strong cash flow areas with fairly flat appreciation.

I'd just talk to and screen the tenants real well.

At 135k the loan must be a fannie mae owned refinance (no appraisal required) because you dont have enough equity to refinance with standard conventional financing (min 80% LTV, your at 87%).30 year fixed pricing is probably around 4.625% for non owner refinance with 740 + fico, at 4.00% rate flat its 4.25 pts cost.

Poor tenant screening process.3.

I read through some of the search results and didn't find it.For a husband and wife applicant "team" does SmartMove charge each of them the $25/$30 fee to conduct the screening on both of them?

Hi BPers, I am in the process of screening my tenant.

You can keep a close eye on your rental, probably live (almost) for free on your side if you buy right, but if you don't screen well and set out good ground rules from the start, you might have more headaches from the tenants bothering you about minor stuff "because you're right here."