2 questions from New Landlord about to rent first property

[Charles M.]

Hi, wife and I are about to list for rent our first rental property (townhome), we are all in at about $225k. Can you help with 3 questions?

1.  Where do we get best lease that will hold up in court and protect our interests. Biggerpockets and other oniline sources have state specific for $100, but we spoke to RE estate attorney who has one for $2,000 that he has litigated over the years and it holds up very well, State is GA.  Do online generic leases hold up well if you have to litigate?

2. As far as rent, due to low rental availability there is very little available so market comps few and far between. Rentals are rising so should we start high and go lower if needed or just price inline with general market.

3. For tenant screening, we want high quality person and can wait to get one, but is our criteria too strict:  740 credit score, 2 month sec deposit, 37% max debt/income ratio? Unit is basically brand new in sought after area and we are out-of-state investors.

Thanks