I don't have any experience at buying condos but I would say go for it if it's priced right.Depending on what state your in, you should be able to find a student or a single person as a renter.If there's a college near, I suggest posting some flyers around campus.

Forcing one person (a landlord) to bear the cost of housing as a right (rent control) is wrong also.

I also want to give back to the community (who hopefully helped me improve my deals) by analyzing one deal for a random person a week and also helping out newbie investors like myself.

You gather all the pertinent information you require to screen and in the end if there is a reason you do not want the person as a tenant you simply notify them that their application has not been accepted.

Danny consistency is the KEY.Results and success are not based on only WHEN you want to do something.It would be better for you to contact 1 person a day over a year then to contact 50 people go another month and contact 30 etc.If you are consistent and have a sound business plan the results will follow.What most potential clients want is not "dazzling" and "smoke and mirrors".

The worst part of it is all the "experts" and influencers and realtors and lenders and established personas that were screaming "buy buy buy" 8 months ago when things were starting to look sour that are now saying "boy I hope people didn't buy at the top, that was stupid!".

You set up the proper systems and advertise to the persona you're seeking. 

We literally post in our rental listings "Must be able to pay rent with a bank account - Owner does not collect rent in person" as a way to try to avoid tenants that want to pay in cash.  

There is also the issue of who a beneficiary is behind the ploys of using family or entities, who benefited from that note, if you and your wife have a joint account, your spouse isn't really a separate person as you have marital interests. 

As far as the 'pre-existing relationship', would I be correct in thinking for example if I heard a Syndicater on a BP Podcast, then I contacted them, maybe met in person a time or two to talk business and get to know them, conversed on the phone about real estate a dozen times over a year or so, that that would at least be a needed start where I could then ask then about current opportunities?