@Troy S.This was new construction but the form I was referring to is applicable to renovations as well.Andresa LobraceRegarding who is responsible...I expect it comes down to the business relationship between you (the developer) and the builder you hired.

When you use any future value calculation, and the original note payment over any shorter term, understand that the application to payments change paying down the principal on a shorter amortization and it won't match the original amortization.

I use that to collect the application fee so the tenant is already set up there when they need to start paying rent.

Does anyone have an application sample and a contract sample that I can use for Oklahoma? 

You can drive the area surrounding said property and look for rehab projects that are in progress, or finished projects that are currently listed for sale.

I make the applicant pull and provide their own credit report with a recent date. 

Happy to be here and looking forward to the day when I can help someone make progress with their goals.Cheers,Patrick

I have open houses and take ALL applications for free.  

Improvements are depreciated starting from when they are placed in service depending on the applicable convention: half year, mid quarter or mid month.

Anybody with experience with this kind of application care to comment?