Adding interest, unless you have an MBA in finance and knowledge of applicable laws, I guarantee you will not be in compliance with federal laws, it isn't that simple, especially for an owner occupant requiring TILA disclosures.

Learn real estate laws and applicable regulations and you might not go to jail, get fined, or destroy your reputation before you get started.

Also, I know the general information that we get from the guru's are just blanket strategies that are more like the cookie cutter approach to business and make for great taking points but, may or may not be applicable to everyone's situation, just like @Linda Weygant said.Working with my accountant and lawyer have been most rewarding and have given me peace and a better outlook on what i need and don't need. 

We do not accept any paper applications.

Of course I have to take an application or the other agent has to take an application, and someone has to negotiate the terms.

He is also loyal to those who appreciate all he has to offer that a price isnt put on, such as problem solving skills, knowledge of proper material selection for any given applications, jobsite oversight and leadership, conflict resolution, layout and design advise, etc.

That has nothing to do with the applicant quailfying at a LTV for loan purposes, the IRS does not control mortgage lending, that is set by HUD and secondary markets and has been for for more than 40 years and has not changed, has nothing to do with liar loans.

I have an application from unmarried couple.

Beyond that, my one page application and I don't use credit scores but I do check for criminal and eviction records, which are dis-qualifiers.

Bob had collected $500 from Jane that day, I've yet to see any lease agreement or an application or any funds whatsoever from Bob (even after having fired him and to this day writing in this forum - which is just a few days after having fired him, so this is all recent).Jane is still wondering where her $500 is.