They take care of their property - prescreen their applicants so they do not waste lots of money on repairing tenant caused damages and then become wealthy.

My revenge is a little different:Whenever I discover an applicant has a judgement against him, I ask if he's paid it back.

My take on the 50% "rule" is that it's applicable to lower-income, non-appreciating properties for investors who rely, i.e., live off, the rental income.

Typically the requirements to be licensed as a managing broker are more stringent than for being a regular broker - for example, to be a managing broker, applicants are often required to take a "Broker Management" course and to take additional management questions on the licensure exam.

Qualifying a buyer doesn't have to be having them fill out an application, a little research can tell you if they can buy.

So I am starting my first tenant screening and I have an applicant with an eviction due to job loss, they are currently working again.

I have never spoken with tenant applicants (turn-key) but wish I had. 

@Michaela Graham On the other side of things, this tenant knowingly lied during her application has entered into the lease with the full intent of not abiding by it.We might give her until the new year to move, provided the cat leave immediately.

Our forms and instructions reference applicable landlord-tenant law.We keep an eye on the property to get an idea if they are preparing for their move and make a note if we observe a moving truck.

I recently saw an ad for a funding program whereby you buy established LLC with good credit histories and then are qualified for funding within a few months. This sounds like a great idea - anyone done this or ...