You also have to review the application before accepting any fee from the applicants; if they don't have sufficient income, or some other item disqualifies them on that application, you just explain that on the spot and don't take money (or the application).I have encountered a few lookers who thought that there is money to be made on collecting application fees.

Do you now believe that retipster is sufficient education for a beginning land investor?

I own properties in Boston as well, and up there rental placement is dominated by the MLS and real estate agents.If you are using Craigslist, and that does work in your market...make sure you have several adds running, and that you continue to renew them so that they end up near the top of the page when people are looking.If your agent posted it on the MLS, is the fee to the renters agent a sufficient amount for your area?

The one point Bill didn't point out was that simply having a contract on a home isn't sufficient to obtain equitable interest, which you must have to legally market the property. 

A two month old dog will be peeing on your floor several times before sufficient training has taken place.

I don't think a zillow app is sufficient.

But LLC partnerships have higher costs for tax filing and higher rate financing options with worse terms 5 and 7 year balloons.Ideally, I'd like to take the "tenants by the entireties" route if it affords sufficient protection.

You cannot personally guarantee the loan, the real estate must be the only security and thus have sufficient cash flow. 

The NW asking price is sufficient to determine NW's opinion of the potential value of the ARV comps (safe to assume it is north of the asking price at least a little).

However given today rates and even if the Fed lower rates by 0.5% max that would not be sufficient enough for me.