Based solely on your post, in light of the unprofessional conduct WRT the prospective applicant, the time delays, and the above issues, I would suggest looking very closely at the PM's qualifications, and ensure that close and frequent communication is taking place between the PM and investor.

Again, he said for the most part 80% or so of them are students just like they are and are not qualifed to help you with anything other than helping you learn how to sale Nouveau Riche Educational programs to others and making money to do more deals that way.He said back in 2004, 2005, 2006, he had months in Nouveau Riche where he did make $16,000 a month in commission and some months zero.

Are there qualifications?

When a prospective tenant calls you can chat for a few minutes to determine if it is a good fit for you and them.Once you describe the property, the rent & deposit requirements and any qualifications that need to be met (credit, pets, lease term) be sure and ask if all this meets their needs (and yours).If yes, absolutely give them the full address so they can drive by or go ahead and schedule an appointment to show it.If they say it doesn't meet their needs then no need for them to have the address.Be sure you have their phone number and call to confirm before you head out.I have had success with Craigs List, sign drive bys, newspaper, MLS.Communication is the key!

Qualification and completion time are usually not flexible or investor friendly.If you had a heloc or other funds to purchase/rehab then the refi would be your only loan costs.

(A lot of investors get STUCK here because a 4506 would show inadequate income for qualification.)

So, the availability of such loans is much less, and the rates and qualifications are higher.If I understand correctly, and I'm not at all sure I do, lenders will consider 75% of the rent against the PITI payment.

In order for this to work, your mortgage broker would have needed to misrepresent your qualifications in order to get you qualified for the loan.

It can be priced into the property anyway, as long as you stay within the appraisal and the buyer purchase qualifications, you should be OK.

It is quick & easy to get a pre-qualification / pre-approval letter, and I would highly recommend getting one before moving on.