I don't know what the other lender was smoking.Depending on the type of loan, you will need 2 years of personal and business tax returns (combination of 1099 and C-corp will work), and a P&L for 2021.What state are you in?

Washer dryer, basement and condition of basement.

Most commercial banks wouldn't mess with residential properties and the personal bank side wouldn't allow me to combine the equities of all my rentals.

Circuit board equipment (electro-mechanical and electronic vs. mechanical).Aside from the more complicated (expensive) for repairs aspect, there is the surge protection issue to deal with.So with the selection of mechanical controlled Washers, Dryers, Stoves, Refrigerators, ect… on the market dwindling, and getting replaced by circuit board type appliances I was wondering if you are doing anything to protect (your investment in) major electronic appliances from electrical surges.Whole house protectors, surge strips, surge breakers in the box?

@Uri Foox,Bump up repairs and CapEx to 15% combined.

Not a big deal, as max liability runs me maybe an extra $200/annual for all properties combined vs. one level down.

If you are married and you keep the loans/properties separate from your spouse, you can each have 10 loans... 80 units combined (if you buy all fourplexes) with low interest 30-year mortgages!

Same goes for washer/dryer.

Then I bought 2 rental properties and got a refund in each of the following years of $6K... so that is a $20K swing just because I bought 2 properties that were about $40K combined out of pocket.

I rent to about 130-140 students and I've found it pretty hard to figure out what college kids care about other than:1) Location to something fun (bars or football stadiums)2) Huge bedrooms and/or living room3) A combination of the first twoIt's my experience that their housing choice is almost always an emotional decision (i.e. they can picture themselves having a lot of fun at the place they're going to live).