My recommendation would be to detail out the reject --  such as: - Applicants with felonies of malicious intent in the past 5 years = Rejected - Applicants with felonies of malicious intent over 5 years prior = Reviewed (may affect overall applicant "scoring") - Applicants with felonies of non-malicious intent in past 5 years = Reviewed (may affect overall applicant "scoring") - Applicants with felonies of non-malicious intent over 5 years prior = No impact - Sex Offenders = Reviewed (may affect overall applicant "scoring")I would recommend having criteria in writing on how you review those marked "Reviewed" and this can vary from company, as long as it is consistent for all applicants. 

I mean we could just use 75% of gross - PITIA for now but when you get your tax returns in on an application you might get a completely different answer.It looks like your DTI will be low if you file both properties in a way that will net positive income from a lending point of view.You'll have the ability to qualify for about 230k in loan approx assuming all rental properties "net zero," income from a qualification perspective (most conservative calculation).

Examples include properties that rent at a relatively low rate compared with salaries of the applicant pools.  

The skill comes from knowledge not practice.eg: It is highly advisable that applicants be thoroughly screened and the screening criteria is fairly standard yet landlords repeatedly post on here with tenant problems as a result of not screening applicants.

Hmm, that's interesting, I was under the impression that whether the mortgage was taken out before or after the judgement, it would be applicable to the property.  

He knew general theory but was floundering as far as practical application.

I would sure try and stall out this applicant.

I love that I can put the direct link to the property I am renting out right on the rental application and potential tenants can apply online.

You will see the criminal report as soon as your tenant completes their application.

If the former, would the "average rent" be applicable without any repairs or cosmetic changes?