Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

3) What if one of the applicants applied very late but offered 200 or 300 dollars more monthly for rent and requested that his application be approved?

This would be a basic package with available options offered to each participating home owner..

@Jonathan Greene offered great suggestions on saving for your next deal and being careful about partnerships. 

I did a few and someone turned me in :) and sure enough I got a cease and desist and had to pay a fine and spend 20k creating what State of Oregon  calls a Real Estate paper offering !!.  

One day miraculously an offer of his was accepted.  

The best path to financial freedom is to keep working your A** off at your day job, buy safe investments in good areas, and get rich slowly. 

If you can provide us with specifics, we can offer some advice.

Currently, we have them in a money market savings account, but I believe there are better options out there that offer higher returns while still being liquid and low-risk.I'd love to hear from other operators:Where do you park your reserve funds?

Offer a referral fee.