Its literally the exact same thing as a self pay tenant, except like Bob said just requires some paperwork and an inspection.

If you click on the magnifying glass in the upper corner, this is literally asked monthly if not weekly.

Im literally in the final stages of closing on the loan and my rate would jump from %3.75 to %4.12.None of what she mentioned made much sense and later on in the day I reached out to another lender who said he's never heard of this fee in the first place Which I also found odd.

@Justin GoodinI just read and posted a question on another post literally minutes ago. 

Quite literally, if the rental income is equal to or greater than the PITI, it'll qualify (with some exceptions of course). 75% LTV is typical, but I have worked with lenders willing to do 80%.

When I bought my first property, prices were literally half what they are today, and I thought the same things you are thinking today, that it is so expensive. 

If you can't fly out here and literally drive the blocks I wouldn't take the risk!

This is the simplest method, but it also means your tenants are more likely to abuse the utilities by leaving windows open with the heat or A/C running, leaving lights on, ignoring the toilet that constantly flushes on its own, etc.3.

Unfortunately there is literally no street parking in the area and the vacant land next door and corner store are not willing to lease or sell parking spots. 

My bare minimum fee just to keep my license is 150/month to my firm, and that's literally just to be alive.