Also I put up a porch with a covered roof at the side door instead of just a little step platform with nothing over it, if that might help a bit.Here is some information from the Loan Application we signed at the closing:30 year conventional loan bought 06/18/2020 Loan Amount $95,200 Sale Price $ 112,000 Interest Rate 3.375%Homeowner's Insurance $31.73 per month for 3 mo. $95Mortgage Insurance $21.42 per month for 2 mo. $43Property Taxes $139.08 per month for 5 mo. $695Here is some information from the monthly Loan Statement:Explanation of Amount DuePrincipal 183.82 Interest 237.06 Tax and Insurance 209.34 Regular Monthly Payment $630.22Account InformationInterest Rate 3.375% Principal Balance 84,288.81 T&I Balance 1,177.87 Maturity Date 08/01/50Thank you for any help figuring out how to get lower monthly payments!!

Lots of interest, applications but no one follows through.

From scoping out the area and knowing several residents living in these types of properties, average rent for a two-bedroom seems to be around $2,000.00/month.I have some questions, as I have no experience with the application process or landlording and would like to know whether my goal seems feasible for someone buying for the first time.1.

Most management software offers free trials you can play with too.

The business model of many hard money lenders is to get as many applications in the door as possible, and cherry pick the safest ones, and only fund those ones. 

Remember, the foundation of a long and productive relationship is communication.Some approaches:- Step ups monthly or quarterly- Bill back utilities or obligations, if lawfully permissible- Work with housing assistance provider, if applicable- Large increase on lease anniversary (this could encourage vacancy)Give them ample notice of the increase (60+ days).

@Dorian Spence in general my policy with any online application is the trust but verify. 

We have a file called 'Prospective Applicant', 'Denied Applicant', the same goes for current and past tenants. 

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

I am fairly confident with todays updated software systems even doing those things will be more simplified.