Regarding Ken's question, the banks look at the totality of applicant's circumstancesto see if you can repay the loan. 

This could include recent property tax assessments, insurance quotes or invoices, or any other relevant financial information.Another option is to contact a real estate attorney or financial advisor to review the escrow analysis and provide guidance on potential next steps.

For example, I am a little concerned about some aspects of the business cycle recovery and a potential for a double-dip so I lean toward the safest part of capital stack which is debt (or low-debt equity).

Also, read below and save yourself some potential headaches:)Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.Here’s our OPINION for the Metro Detroit market (use as a template to figure out Grand Rapids area!)

Obviously it depends on the comps, but generally speaking over improved properties don’t necessarily bring in very much more rent (maybe 5% more), but they do get more applicants and rent quicker (unless they are overpriced, then they will sit).

If it just doesn't look nice, will it stop most of your applicants from wanting to rent?

I want to run by the biggerpockets world a potential new model I’m working on and I want to be clear this is not intended for self-promotional purposes or necessarily even something I will enact (i’m not even totally clear on the legally of this) but something I want feedback on and also to spark a discussion of alternative agent models.

Our rental application says it will be required upon lease signing, so they know in advance if they will agree to purchase it or not.

Currently there are 3 applications but not promising yet.Thx!!

As of right now this property pays for itself with the MTR income, but the potential earnings during the summer months could prove to be very lucrative.