I am tempted on ordering a bid from contractors, but I don't want to waste their time in coming out and I never use them... or have them do numerous bids on homes and they are left wondering if they will ever have a rehab project to start on.The property is worth approximately $230,000 ARV.

Yeah,well finally found someone who's willing to help me,but he's out of state.After three days of searching for homes to rehab,and good potential rental property's for 5k-30k(ones I can afford)I now I have better insight of real estate market,not that frustrated anymore,everything now is clicking you know that moment when things are finally making sense.I just went to the bank,and put in a loan application for 20k-30k loan,and also working with other lenders.Also calling people left and right who's the ones that are loaning out the private money.Plus I'm working with a real estate agent,that is more of a Investor,that just uses the MLS to get good deals to give me the pros and cons of every area to invest in,and no he isnt steering either.Thanks guys for your reply.

It might be best that you appear as staff and not as a principal who is on the credit application.

A quick comment on the application fee.I would post something to the property management forum so that you can collect feedback on what is best to do.

all numeric, and to me, counter-intuitive.

If they are inherited tenants, this is your golden opportunity to have them complete a new application, and sign your preferred lease documents.

It will fall off of one's credit report after a specific time limit as the credit reports cover a specific window of time.If the application asks if you ever had a bankruptcy you still have to answer yes as it does exist and court records will still be valid.I am not sure anyone can guarantee to take such items off a credit report if they are valid.

They even stated at the time of application that they would be willing to make these deposits non refundable since they know that they are more of a risk with the credit history and the dogs.They also stated they are willing to set up direct deposit into our account for the monthly rent.

I would say over the long term, on average, you will talk to 10-12 people in order to actually show to 4 or 5 prospects, and get 1-2 good quality applications; 7-10 days would be an average vacancy period, assuming minimal change of occupancy maintenance.It really is dependent on your local market, and the specific unit, as I have had MANY same day COO, and MANY six weeks or more, not counting actual repair time.

Not that this is your best option but its good to know the law is on your side.It doesn't matter who you sell to (realtor or not) you get paid the difference between what you are selling it for and what you are buying it for minus any applicable closing costs.