Inbox me if you'd like to see it)I contact employers, current landlord & past landlords I make my decision based on all information collected and my qualification standards (Brandon Turner talks about Qualification Standards in "The book on Managing Rental Properties"It's good to have a standard practice of evaluating every applicant the exact same way, so I wouldn't say that you necessarily have to run a background check / income verification on every prospect, just make sure that if you don't, it's because something disqualified them before they made it to that point in your screening process.As for the adverse action letter...

Hello,  Wanted to know what are all the documents to collect after a loan payoff. 

I need a legitimate and convenient way to collect rent online.

Not all  that cheap, but lots of data.

utm_source=email&utm_medium=email&utm_campaign=emo-sendtofriend-hdp&rtoken=f8e8cae0-6504-4b77-955d-a4d46f9ef4cd~X1-ZUwc7v4kuhxiix_82rpgMy first assumption is that the holding expenses I have collected are off, but I am sure there could be a myriad of things that I am missing.

Hoping to collect rent, pay owners, automate everything possible.Thank you all in advance!

I wouldn’t do it....you spend the money to fix it up, someone is going to feel like they got the short end of the stick.....either you rent it and collect money forever or they need to sell shortly after.

I've often think of this too, as the RE industry SLOWLY moves into modern technology the automated data is sure to have faults.

you should be collecting the rent offsetting the mortgage but still foreclosing.. don't let the owner just take the rent.. 

I no longer use Cozy because I now use a PM and they have their own software that they use. when I started cozy back in 2016 I had a lot more of manual data entry then what cozy has now. tenants can even pay with debit/credit card but they are charged for it.