Hi Everyone, Property Location: Albany, NY Last week I sent a rental application to 3 tenants.

Hello,I currently have my home on the market and got an application from a group of 5 Adult girl roommates.

Again, this is my first loan application, so I don't know what are some standard charges vs extra. 

If its on the list you just fill out an application to purchase, wait until you get a price quote by email (1 to 4 months), and mail in the money.   

They have seen the unit and have expressed interest moving forward with the application.

Your tenant in not identifying themselves as having or wanting a service dog when being screened was dishonest in their rental application.

This practice of renting by the room is very common in college towns; you can probably get some good ideas from the websites of these type of rentals, including rules, applications, & leases.  

With a few exceptions that I do not believe will be applicable here. 

So, again, I have a hard time believing I'll get something under contract by offering the 70% rule.Do you guys still find the 70% rule applicable?

Turbo Tax or any crank out your tax program isn't considering future ramifications of your current tax elections, it won't address inventory accounting methods such as LIFO or FIFO (look it up) where economic conditions may be applicable to your operations, Section 179 isn't always the best approach.The only "issue" I see with the comment by @Ted Lanzaro is that his statement wasn't qualified fully, saying less than $150,000, that should have been mentioned with an income of being greater than say %45,000 because if you don't have any real income you sure aren't going to save thousands.