A good goal would be to work up to 6 to 9 months of debt service in reserves. 

What kind of due diligence services do you provide?

I can recommend my guys all day long, but if your deal is in an area where they don't or won't service, there's no reason to make the recommendation. 

Where can I find legal rent applications?

Origination Charges $0.00 01% of Loan Amount (Points) 02 Application Fee 03 Mortgage Broker Fee 04 Origination Fee 05 Processing Fee 06 Underwriting Fee B.

If you don't then they may not be willing to commit to you, and you won't get the right service. 

@Cherrell Thomas cash flow is the profit that's left after debt service, property taxes, property management, common utilities (if any), reserves for repairs (small things like leaky faucets, AC servicing, etc), and capital expenditures or capEx (larger things like a new roof,new HVAC, major plumbing overhaul...these are treated differently on taxes, written off over a specified longer period) and other expenses.The first item I mentioned, debt service, is where the answer to your question is.

As you found, a rejected application because of your bad referral means you are stuck with the tenant.Eventually though they will only be able to rent to folks who don't screen, and those are usually the worst places who don't care about bullet holes and pests and rodents and code violations.Don't ever stop your eviction process until they are out of the property and you have keys in hand and have assessed all the damages.

In most area's water is a required service that landlord's have to provide for tenants.

I need a free or cheap online application, where they fill it out and I can get the details.