I have over 30 years professional experience so not taking anything personal.You have corrected nothing. 

I'm curious as what y'all consider to be the minimum criteria for approving a tenant, assuming you don't have access to professional tools.

My day job is being a financial professional, so I have good experience with underwriting and sales that I believe can be translated to real estate.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

@Victor Yang To use the rental losses to offset any active income (W2), you'd have meet Real Estate Professional status (which would be difficult to do with a W2 job because you'd have to work more on real estate than any other job to qualify) OR have an AGI of $150K or less.

Paying for a Section 8 investment course is the equivalent of an aspiring cook paying for a course titled: How To Boil Water

Quote from @John Murphy: Before spending thousands on a course like Pace Morby's, talk to the actual members.

After seeing the power of financing and understanding how loans can help make real estate deals like this happen, I knew I wanted to be a part of it professionally.

Readers should seek professional advice.

@John Zhang If your wife qualifies for Real Estate Professional Status (REPS) and materially participates in managing rental properties, there is no limit on the amount of rental losses, including depreciation, that can offset your W-2 income.