A different matter.Judgments can cause your tenant's bank account to get hit, they could lose their rent money causing a late payment or default in the lease.I'm not sure how an accurate point system can be devised that would stand up in the event a tenant complained of a rental assessment (a judgment is enough for a denial) but scoring other matters between other applicants......I wouldn't go there.Once you take aspects of your underwriting from a subjective side (having the ability to use your opinion on the matter) to an objective side, quantifying some matter, then you open the door to your system being fair and accurate and it won't be.I say it won't be because multi million dollar programs can't meet that standard, MUELS, a mortgage underwriting system has kicks that can't evaluate objective matters, so I'm sure a landlord won't be successful when institutions with big bucks can't solve such problems.That said, having some system certainly helps you determine applications on a consistent basis, it's a guide for you to remain fair in your assessment, in your mind so to speak.

I recently read several articles about San Francisco itself, which is of course 50 miles or so from Silicon Valley (which itself has no defined borders as its not an actual city, county, etc just a general area) and how many long time locals are fed up with how extremely expensive even formerly impoverished parts of SF have become.

Welcome to BP community @Corey Fick It is a great place to meet new friends and learn about various aspects of real estate and more.

@Leigh Ann Smith thank you so much for this information, I will definately keep that in mind when i look at townhomes.

I am interested in all aspects of real estate and look forward to becoming more active on BP.  

That I would definitely not go on my own ... but finding the right deal is probably the biggest challenge on that aspect of REI.So that's it!

The first thing I would do is define success.

One thing I need my partner (wife) to overcome is the location aspect.

But we will not pass on a Multi that comes out to be a very good deal, and as long as it is a 3 or 4.Even though we defined our business plan to target SFHs .

Maybe the  developer Edd coming on here and explaining the rational behind the changes would be helpful for the members of the site to understand what the benefits are.Biggest thing is hard to read and no defining lines between posts.