You should be able to demonstrate that you have exhausted other options before coming to the Landlord. 

This approach is not only disrespectful but also demonstrates poor judgment.

Applicant: Not yet, but we demonstrated that we have enough savings for several months to be allowed to come hereMe: How do you plan to pay the rent? 

It's what happens when you bust out that really demonstrates your mettle.By now you've already figured out that you're probably undercapitalized based on your portfolio size.

That being said, many banks will consider lending for these types of transactions, but the standards are tougher to meet:Typically 25% downTypically you need like 700+ credit scoreYou need demonstrable experience (construction/landlording) of 2 yearsDoesn't hurt to have a friend in the industry (maybe someone here on BP?)

The fact that you are on this forum clearly demonstrates that you are already on track...so Godspeed ;-)

Quote from @Nate Sanow: Quote from @Will Fraser: And as further demonstration of why many (or most) STR owners in tertiary markets (like OKC, Tulsa, Wichita, etc) are seeing a diminishing return please see this conversation. 

If there is a demonstrable need and market for this kind of thing I am willing to explore with you or anyone else who wants to participate. 

Some suggest to get to max one month on that account so it will show your max and then your $700 limit will demonstrate your 30% thereafter.

They demonstrate reliability, responsibility, and a respectful attitude toward the property.