If they were denied, send them an Adverse Action Notice, and keep all the information you collected about that applicant should the need arise to prove no wrongdoing on your part.

I noticed that Corpus Christi is not a location under Texas.

We could absorb huge revenue decreases on the STRs.By 2012, we started purchasing at a discount.  

Quote from @Julien Hill: Over the last 18 months working with mortgage brokers on DSCR deals, I've noticed a pattern with the partnerships that actually work long-term.It comes down to execution fundamentals that protect everyone involved, including the broker's reputation, the investor's timeline, and the deal itself.Consistent execution looks like the below:Response time matters - Initial response within hours, not days.

Something I’m noticing a lot lately with people starting out in real estate:They’re doing the research.They’re watching the market.They’re waiting for the “right time.”But they’re stuck — not because of rates, prices, or competition.They don’t know their real numbers yet.With insurance costs rising, taxes changing, and lenders getting tighter, guessing no longer works.

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).

One option is to offer a temporary rent reduction rather than a permanent $300 decrease. 

I haven't noticed much of a change in getting loans.

This is based on no 30-day notice to vacate and stipulates an increase in monthly rental amount, but I planned to have them sign a new month-to-month lease with updated terms where I wouldn't raise the rent beyond a renewal is, however, I will let them know that this is an option for a couple months with intent to get back into a longer term lease, otherwise a month-to-month lease (over the longer term) would be a higher rate and not what I'm looking for. 

Written notice forces a decision.6.