Our job is to really put an amazing loan file together that they can get in and tear apart without finding something to decline the loan for.

I also don't know why a title insurer would decline to issue a policy insuring  John Smith as Trustee of the XYZ Trust or even ABC a NV Corp as Trustee of the XYZ Trust. 

So based on my approach of excluding commission and taxes your return on equity is 4.2%.You can increase you return on equity if you take out more debt on your properties, because then you have less equity, your cash flow may decline aswell with the higher debt cost.

This seems to be a reasonable approach but what happens if the macro fiscal environment further deteriorates leading to declines in home prices? 

Interesting, I researched Spokane and avoided it because it looked like an area that was economically in decline with the state being the single largest employer in the area.

When new applicants fill out the application they are charged a non-refundable fee per person-we also present them with our form of Criteria for Tenancy and Reasons for Declining an Applicant.

If you don't have a way to get paid for that, you end up absorbing quite a bit of expense should you not charge (and get a bunch of rejects that you have to decline).

The guests declined to pay the additional fee I assessed, so I filed it with AirCover and they paid it. 

The instructions only reads, "they may decline the name if the name involves a business that require licensing".

Alabaster schools will probably overtake Hoover's, especially with the dramatic decline in sales taxes in Hoover due to the Galleria's declining sales.