I put in an application with RCN Capital for funding on the property.  

@Clinton FilesAre you saying you have a loan structured like @Jeremy Pace described or do you have multiple house, each with a different loan that have cross-colorization? 

This is my thoughts...Your main concern here is knowing how many times the floors have been sanded in the past, residential application is likely once when installed but if the floors are very old there is a chance they have been sanded down another time.

FIRST QUESTION- Closing Prorations: Not sure which one to chose (default is the first one)Line 120 - Real Estate taxes shall be prorated at closing based on  {The net general real estate taxes for the preceding year, or the current year if available} {Current assessment times current mill rate} {Sale price multiplied by the municipality area-wide percent of fair market value used by the assessor in the prior year, or current year if known, multiplied by current mill rate}I checked the default option which is the first one, but want to make sure it is the right choiceSECOND QUESTION- Property Condition Representations:  Very confused on this sectionLine 150-168 - Seller represents to Buyer that, as of the date Seller grants this Option, Seller has no notice or knowledge of any Defects other than those identified in Seller's disclosure report dated _______ and if applicable, Real Estate Condition Report dated ______, and, if applicable Vacant Land Disclosure Report dated _____, which was received by Buyer prior to Buyer signing this Option and which is/are made a part of this Option by reference (Complete dates or strike as applicable) and _____________________ (Insert conditions not already included in the disclosure or condition report(s)) CAUTION: If the Property includes 1-4 dwelling units, a Real Estate Condition Report containing the disclosures provided in Wis.

I am also the owner of a new online real estate networking platform, Property Investors Connect.

This is a common practise on platforms such as FCI Exchange and Watermark.

They also provide applicant screening, which is what I use now.  

Application of Landlord Tenant Law The provisions of Chapter 42 of the General Statutes apply to covered lease agreements. (2010-164, s. 3.)

Auction .com generally has 4 different scenarios for listed properties on their site.1) REO2) Trustee sale where auction.com is actually acting as the trustee3) Other foreclosure auctions where they are not involved at all....I've seen these more frequently in the last year here where all our foreclosure auctions are judicial, and done online thru the county clerk of court sites, using a third party platform (not auction.com).  

Did you have a large pool of applicants?