I gut says yes, however if I have 10 applicants, I don't know if its common practice with these web based rental applications to charge each that applies verses with paper applications/checks, payment can be returned if an applicant doesn't even qualify enough to have the backround/credit check done. 

And search on BiggerPockets for the blogs on the metrics to identify growing markets with cash flow.Good luck!

Check out this article: https://www.biggerpockets.com/member-blogs/10145/83067-limited-partner-s-guide-to-investing-in-the-right-deal

The property is a 3 BR/1 BA in Benton Park neighborhood of Bakersfield, CA.I approached this as a BRRRR deal, and wrote a blog post about my sources for these numbers (including the expected monthly rental income, which I realize is extremely optimistic to many seasoned investors, when compared to Rentometer numbers).Even at this optimistic income level, I concluded that this deal was unlikely to succeed. 

Here're a few posts to guide you in the right direction:https://www.biggerpockets.com/member-blogs/10850/84063-private-equity-meets-stock-markethttps://www.biggerpockets.com/member-blogs/10850/86626-the-pros-and-cons-of-investing-via-real-estate-syndicationhttps://www.biggerpockets.com/member-blogs/10850/84064-what-type-of-investor-to-be-when-i-grow-up-active-or-passiv

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.

Brother I always appreciate the insightful, witty, & at times sarcastic writing that you put in to everyone's blogs and discussion.

@Brandon Turner has a great book on this and there are several BP blog posts and podcasts regarding creative finance. 

I did a blog post a while back on when to set up an LLC. 

Here're some additional details on my take of going from SFH to MFH: https://www.biggerpockets.com/member-blogs/10850/87253-should-i-scale-my-investment-from-single-family-homes-to-multifamily