While your property management companies provide monthly statements, having a dedicated account will make it easier to track transactions, verify statements, and manage cash flow.

Hi Brian..if the collections are paid off you should be able to get to that high of an LTV, providing you can verify income.

They'll take a loan app, pull credit, verify income, and verify the ability to repay.

(Like 2 years of verifiable rent payments) as an example.  

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Most of the administrative tasks such as posting rents, verifying applications, paying contractors, payroll. human resources, paying taxes, paying owners etc…. are dealt with at a higher level with the corporate office PMC

This includes verifying income stability, rental history, and conducting background checks as permitted by law.

Verifying last 2 years of rental history very important!

Rates and terms will be more attractive with verifiable income.

You buy the property and you have to live with the existing leases in place.Look at the leases and verify the rents are current.See if you can talk with the tenants to see what problems they have with their unit and what their plans are.