Showing → “I like it” → No application means one thing: frictionEvery time a tenant says they want the application and doesn’t submit it, that usually means:application link isn’t obviousthe process feels too long or confusingthey wanted to shop around before paying an app feethey’re borderline qualified and stallingMake sure your follow-up system is tight:Send the app link within 5 minutes of the showingFollow up again 24 hours laterThen again 48 hours later saying:“Just letting you know we’re reviewing apps soon, want to make sure you get first priority.”You’d be shocked how many people apply only because you followed up.Typical timelinesFor my rentals, at the price point you're listing:3–5 days to get first applications10–14 days to lock in a qualified tenant30+ days only when rent is too high or tenant pool is extremely smallYou’re still very early, but if you want to accelerate things, I’d tweak price slightly and tighten the follow-up.

He's very well qualified, he actually reached out to me to partner up with. 

After the law change in 2024 it's much easier to place on a lot that didn't use to qualify 

These advantages become even more significant if you qualify for Real Estate Professional Status (REPS).A common assumption is that when you sell a rental, you pay capital gains tax (typically 15–20% depending on your bracket) on the gain after basis.

However, without history of rent and her currently strained finances, she's not going to qualify with a traditional lender.

I’m trying to figure out how realistic this idea is before I start talking to lenders — hoping some of you who’ve been through this can help me sanity-check it.Here’s my current situation:The PropertyLocated in California’s Central ValleyBought a few years ago from my dad for $30K (clear title)Current estimated value: around $293,500 (Zillow)Rents: $1,000 (front) + $800 (back) = $1,800/moNo mortgage, completely paid off ✅It’s been a basic rental that covers itself and stays occupied.Now that it’s appreciated quite a bit, I’m wondering if I can use it to fund my next step in real estate.What I’ve Gathered So FarI was laid off a while ago, so I don’t have W-2 income anymore — but I do have savings in the bank and this property free and clear.While researching options, I came across DSCR or “no-income verification” loans, where the lender qualifies the loan based mostly on the property’s rent and value instead of personal income.If I pulled out around $200K (roughly 70% of what the home’s worth), the monthly payment for principal and interest might fall in the $1,400–$1,500 range.Once I add property taxes and insurance, the total monthly cost would probably be close to $1,700.Since the property currently rents for about $1,800 a month total, it would basically break even or maybe make a small positive.That seems to qualify under the DSCR rules I’ve read about, but I’m not sure if that’s too thin to be worth the risk — especially with rates where they are right now.If this type of loan actually works the way I think it does, it could free up roughly $200K in cash that I could use as down payments or rehab funds to buy additional rentals.I just don’t know if that’s a smart move, or if I’m misunderstanding how flexible these loans really are.What I’m Trying to Figure OutDoes this make sense in today’s market, or would you hold the equity and wait for rates to drop?

Since bonus depreciation was 100% back then, combining a cost seg study with a 3115 adjustment could give you a big first-year deduction boost.Just make sure the study is done by a qualified firm and reviewed by a CPA who understands how to apply it.

Remove those and the Net S8 Rent will be market rent.Typically, the only way to get more than market rent is by buying in Class D areas and hoping a S8 tenant will live there instead of a Class C area.Keep in Mind: TENANTS QUALIFY FOR SECTION 8 FOR A REASON!

Many of our competitors and nearby communities are offering aggressive move-in specials like ½ off the first month, one month free, or even two months free rent.In our leasing office, we’ve received a high number of inquiries, but many of the prospects simply don’t qualify.

My strength is in picking up the phone, generating leads, and booking qualified appointments.