Provide all these documents to help quell any jitters the buyer might have:- copies of rental agreements - current tenant contact information- payment history of each tenant and any 3 day notices you issued- copies of six months of utility bills you were responsible for- CLUE report showing no insurance claims were placed against the property in last seven years- Estoppel certificates if your state uses these (tenant's signed consent of financial terms of rental agreement (SD, LMR amounts, current rent amount, utilities they are responsible for)- Any capital improvements with receipts made on any of the units. 

My lease (which I obtained from BP) also states no boats are to be stored on premises without written consent from the landlord.

They could consent to the transfers.  

Two-three months most recent pay stubs should suffice to verify W2 wages.For rental history, have each applicant sign a consent to release information about their rental history so their current and previous landlords will answer your questions without fear of being sued( any 3 days given and for what reason, any late pays and what were the dates, etc).Good luck in choosing your applicants!

How can they release my EMD to someone else without my consent? 

Is it likely that he will be able to get off the lease and make me responsible for everything without my consent?

@Russell Brazil this is from the Fannie guidelines under the "Delayed Financing Exception": a natural person;an eligible inter vivos revocable trust, when the borrower is both the individual establishing the trust and the beneficiary of the trust;an eligible land trust when the borrower is the beneficiary of the land trust; oran LLC or partnership in which the borrower(s) have an individual or joint ownership of 100%.

Get those entities established, and start building their credit.Actually, you'll want to build a business entity structure for the best tax advantage, the best asset protection and for estate planning.The foundation of your structure is a revocable trust you set up with yourself as the beneficiary.Then, set up an S-Corp so the money which comes from your properties and deals can come to you using what's known as a salary / dividend split on a 1:2 ratio, respectively.

First, however, set up a revocable trust and have THAT be an (the) owner of your S-Corp.

I have run into an HOA issue - I have leased a townhome to a tenant and I leased it with verbal consent form one of the board of directors of the HOA.