. 🙄 I feel they are pretty standard for the market:Applicant must have current photo identification and a valid social security number.Applicant's monthly household income must exceed three times the rent. 

isn't it a total stock market?

But the total employment, keeps going up. 

I have four 6 plexes in Louisville on the same street and they all do not have locks on the main doors, just a handle to open them.I need to add locks so the tenants have some added security.

to be some upside that I am missing in my valuations:Purchase price:  495,000Units:                      16Rental Income:      8,400/moDown:                    20%Down:                    100,000Closing:                      6,400Repairs:                    16,000 (assume 1,000 per unit)TOTAL INVEST:     122,400Costs:  Debt:                  2,800.00 (6%)   Taxes:                   690.00  Insurance:            200.00  Sewer:                   800.00  Heat:                  1,200.00  Yard:                       40.00  Garbage:              300.00  Cap Exp(3%)        252.00 (Lower than I normally go)  Repairs (5%)        420.00 (300.00 per yr/unit)  Mngmnt (10%)    840.00  Vacancy(7%)        588.00  Screening              40.00 (tenant screening)TOTAL COST:     7,600.00 (rounded)Monthly CF:          800.00 (yikes...…...50.00 per unit!!)

If the tenant/buyer wants get credits, just reduce the cost of the property by the total amount of "would be" rent credits. 

Working to purchase my first property and I have a few questions ...Do I need to have funding/financing secured before I make on offer?

Total monthly expenses $1650 with a 15-year loan at 5% interest rate. 

Whatever I get I will plan on having tenant pay water and gas, $812 is the average of the current tenants total.

For flipping or wholesaling, we buy based on being able to meet enough profit for the price point to make it worth our while based on the total investment required for purchase, holding, rehab and sale.