I have asked my tenants to confirm their contact info and names of all people living in the house including name and age of their children. 

Check everything like handrail on the interior stairs to make sure none of the brackets are broken, loose electrical sockets etc.It will depend on the age and condition of the house.

They have this feature where the investors’ accreditation status verification is automated.

Cape Coral is the better of those cities for MANY reasons - age, growth, jobs, size, etc.

@Meaghan Lugo I suggest doing some research on national and regional age demographics over the next 10, 20 and 30 yrs.

@Jerry SanfordCongratulations on planning to buy your first home at such a young age!

It is true that does not apply to investment property, but what happened was that first time home buyers that did not qualify for a home loan were trying to circumvent that Dodd Frank rule by saying "oh, this is a rental property" (wink wink) and then move into it...basically creating a no-income verification loan.

We’re one ofthe few property managers that require W-2’s and a bank statement and we go way beyond the traditional, “income must =3x rent” qualifier.Below is more information about what our Applications Department does to screen applicants and find the best tenantspossible for your property.Required InfoWe require the following from each applicant over the age of 18, that is not a dependent of anotherapplicant (as evidenced on a tax return):Copy of acceptable state picture IDRecent YTD paystubRecent W-2Recent Bank Statement, all pages, no info blacked outRecent tax return if self-employedApplicants are often slow about turning this information in, asking us why we need it and then takingseveral days to submit.

I would choose Candidate #2 providing you have acceptable verification of their income - bank statements that multiply out to what the past couple years tax returns indicate on the business.

You can access nearly 95% CLTV (on a primary - depending on income) and on investment properties up to 85% (full income verification) or use the proposed rental income (DSCR) usually up to 70-75% max.