I started my application with PenFed because of great rates but after reading the reviews I got deterred.

Smaller ones will often just give it out over the phone, especially if you ask "I need to verify info provided by an applicant" rather than if you ask "Can you tell me how much so-and-so makes".You might want to check out this thread:  Ultimate tenant screening guide.  

I run credit checks on all applicants.  

Does anyone actually complete one of your applications?

You want to do research and choose one and make your application.

They will also not to exceed between 80-90%LTC up the the MAX ARV.Hard Money Example: ARV = $100,000Purchase Price is: $35,000Cost to Rehab and Stabilize the asset is: $38,000The Max Loan Amount, using 65%ARV, would be: $65,000This example's Loan to Cost (LTC)= Purchase Price+Rehab Costs = $73,000In this scenario, the Lender would lend $65,000 (The MAX % ARV because your LTC exceeded the Max ARV percentage) causing you to come to the table with the remainder of $8,000+closing costs and reserves (as applicable).Hope that helps some and again..this is a very simple explanation

@Tejas Kotecha Cool application you have there.

I am not the one in my company that deals with this but I figure at least one month and maybe two from when you take an application until the deal is completed and the tenant can move in. 

Not all courses in an MBA program will be that applicable to what you may do, just as with your undergrad.

Such as inspection, mold testing, HOA document fee to read through the bylaws, boundary survey, wind mitigation reports, loan application and credit report fees etc...are those exceptions to the acquisition costs or no?