That is pretty standard.

It would seem to be in everyone's best interest in the industry to have reasonable standards for illustrating expected performance on rental real estate.

I am purchasing the first SFH rental that I've had in a while, and was wondering what the standard is these days.

I appreciate your input though, because you give me a ton to think about, and really cut to the chase as to the quality of this one.

We looked around and found a a place we love that rents for $1,375 which is more than we've ever spent on rent, but our real estate back home is doing exceptionally well so I figure we should spend a little on quality of life.

Are these contracts for wholesaling a standard form available from a state website, or do you have to get your own contract created through a lawyer tailored to each specific deal?

The answer to your question is in the standard lease agreement and is based on state mandates.

I then bought another house in Schenectady that I borrowed $ 50,000 from the same bank on my second house I fixed up the third house and have since rented it out.However now my bank says they can't lend me on the third house as collateral all three are rented net monthly rents are $ 2075.00 two mortgages are less that $400.00 per month They gave two reasons 1] the 3rd property was out of their area . 2] they have introduced new lending standards and the fact that my credit has been bad inside the last two years means they cannot lend to me.Has anyone run into issues like this?

Is this standard?

If it's an FHA buyer, you're likely out of luck -- the standard FHA addendum will generally allow the buyer an out if the property doesn't appraise.