Now I would follow up with a formal LOI at MY price. 

This is a potential trap because analysts underwriting multifamily deals are more reluctant/judicious about projecting higher rents but are typically more liberal in assuming a lower loss to lease percentage than the trailing 12 month percentage.

most states require a formal property manager to be licensed.

This is more likely if you do not observe corporate formalities (e.g., maintain proper documentation, segregate your and the LLC's accounts, and keep adequate reserves in the LLC's account(s)).4.

Force them to make an immediate commitment and if they decide to leave and have them sign formal notification.

I finally decided to formally introduce myself to the Forums. 

Most of them have formal research and investigative backgrounds, in addition to being bright, organized, knowledgeable, hardworking, highly competent, good at taking calculated risks, and, of course, quite wealthy.

A true service animal actually performs a true SERVICE and is trained to do that service....see eye, people in wheel chair etc.....the nebulous "emotional support" animal is the big issue since it is way hard to define and they don't need any formal training.....and its becoming a big industry to see little jackets and vest on the internet that anyone can buy.

Ryan - I would say  yes to the main question ...its  best to  start with using  hypothetical scenario  that is likely higher than you plan to use  ...ask the lender to  use these figures...provide them with all the  data they  request  ...ask them to fully underwrite and  approve the  file  ( versus just  providing a  " pre qualification "  opinion  based off a loan officer  reviewing the data ) ...getting a firm / formal  loan approval commitment  is free and  this should allow you to know  exacatly where you stand

I've only heard the news through my property manager, so nothing formal is on the table.