Credit unions lack product selection and lender experience.

It's a background check of sorts. 

Neither tenant had a contract of any sort.

Does the notice have to be notarized or certified or can I simply email a DocuSign or sorts? 

. #2 Research the various markets you're looking into (population / job / economic growth currently going on in those markets) and then make your selection. #3 Start working with an investor focused lender / realtor / property manager and get good at analyzing numbers. #4 Once you're comfortable with everything and you find a deal you like, pull the trigger.

I've spoken to some and none have said this is a safe loan to make.Best of luck, I fund sherrif sales but only in select states  NOT PA too complicated there and too much risk.

Right now, the renters do not fill out any sort of application, they move in as soon as they look at the unit and move out on a moments notice.

@Clare Cui my questioning starts with a couple easy short answer questions (a sort of "yes" set").

For example this place claims to be able to rent for $6,000, and with 25% down that would be a $4200 payment, so $1800 cash flow (not yet factoring any sort of maintenance and whatnot of course, so just the mortgage/rent diff):https://www.redfin.com/SC/Columbia/1921-Pickens-St-29201/hom...Or to a lesser extent this place at $400 cash flow:https://www.redfin.com/SC/Columbia/1035-Kinard-Ct-29201/home...

Well they wont know it and to save money by not having a lawyer advise them .. boom they take title to all sorts of nasty crap.