If they want to sell off the lower interest loans to go after new paper, there may be a problem.

In order to get top dollar when I resell them, I offer a land contract.However, I don't want to be holding all this paper.

If not on paper you have no landlording experience and they usually require 2 years of experience to use that money to qualify for a loan (the $2450 on the $2200 mortgage) Local banks will be more flexible with this requirement if you have a lease on the unit (get one asap) and you have sufficient cash reserves for your current mortgage (6 - 12 months)

It's amazing what people flush down the drain.Toys, tampons and condoms, wet wipes, Depends, even cloth diapers.Lately I saw a foreclosed home with concrete down the toilet.

I'm just trying to eliminate some paper and see if scanned electronic applications were acceptable.

I've had tenants that looked great on paper, then turned out to be deadbeats anyway.

Should have paper work in 2 days.

That is very true, but do you believe that we will see a tremendous change for the better within the next 5 years like many of our local articles/papers say?

We had a tenant who decided to fix the toilet late one Friday night.

First papers submitted in November for a Michigan property.