And,  of course,  review your criteria insofar as creditworthiness,  rental history,  etc.You also don't have to offer a payment plan if the total of move in costs is less than 1/4 months rent,  I think.    

The three basic things you want to look at with regard to creditworthiness are:1.

Second -  I have lent my credit worthiness to a relative via a land contract - which I love becuase I make a few bucks, help out a relative and have almost no unexpected costs since its quite a bit like a triple-net-lease in a residential form. 

The issue is the creditworthiness of that note holder, how the note is held and ability to repay above the collateral assignment of your note and deed of trust or mortgage with a UCC filing.

The issues:  Need collateral, credit worthiness. 

I told the tenant if he wants to buy from us he is going to have to prove he is creditworthy, which looks unlikely in the near future.

Prequalification from any other source must include, but is not limited to: review of a credit bureau report for credit worthiness, review of bank statements for verification of sufficient funds required for down payment and closing costs, review of most recent pay check stubs for year-to date income verification, and maximum loan qualification based on monthly income to debt ratios.

These typically focus on credit worthiness and long term tenants providing returns congruent to inflation.

Those are determined by the lender based on the buyer's credit-worthiness.

The natural human persons will be the ones underwritten for creditworthiness and capacity, but vesting, etc, can be in the revocable living trust, allowing heirs to skip probate if you die, and according to some lawyers giving you many of the same protections that LLCs have.