Had a perfect potential tenant that said she wanted to rent my current home (now fixing another to move in their) , single, newly divorced lady, no kids, awesome income, background, ect. she applied and went through steps, I told other applicants that house was taken. she went on vacation for a week, another week went by with conversation and then the following Monday she informed me that her situation changed and wont be renting house out. discouraged now but am still hopeful that I will find a good first tenant.haven't posted on here for a while and figured that I would keep everyone informedChris

It is just pass through income taxed at your marginal tax rate plus your full share (15%) self employment tax and state income tax if applicable.

I changed to Schlage electronic keypad (great for nicer areas and vacation rental type houses as you can change code easily and instantly and give a code to your cleaners) but battery had to be replaced surprisingly early (about 1 year - supposed to last 3) Your application dictates which lock is best.

CIP deterioration is most negatively affected by soil issues (not applicable here), speed of flow through pipe (faster is better, within reason), and makeup of the effluent and gases within (mostly acidic for waste, possibly basic in heavy cleaning situations).

If one of these applicants had an edge on timely rent payments (for example, one applicant paid late or had trouble making rent), then I would go with them. 

Are you allowed to request a monthly budget from a tenant in the application process?

Evictions are almost impossible to achieve and the board will generally rule against landlord applications except in the case of non payment of rent.The N4 application will always be a waste of money when tenants do not pay.

This is monthlyMortgage (principal / interest)Tax (monthly)Association (if applicable)Repairs @ 5%Vacancy @ 7%Insurance (roughly $45 for townhomes / $85 for single family)I am having a hell of a time estimating repair costs, maybe this is my problem when first purchasing the house.

I will be sending in my application for exam soon, however I was wondering If there are any Exclusive Buyer Agency Brokerages in Southbay Area of LA County?

I want someone who will answer all of my questions first, without pressuring me to do an application.