With my LTR's they are mid tier for the market and in areas that have had consistent appreciation for years (before I bought it and have continued after my purchase).

@Donald Aleshire - conventional lenders do not require W2 income, they require a 45% DTI based on the income you reported on your tax return (last two years average)

To echo all of the above tips, the key ingredients to all of this is consistency. 

Though I write that we’ll provide $XXX toward the funding of our borrowers’ next deal, like most lenders, I qualify it by stating that this is not a loan commitment but is pending approval of the property, an acceptable preliminary title report, and some other weasel words.Why any borrower or their agent would accept this is beyond me, but they do, and it seems to be what they want to keep the deal moving.

By using our agent and PMC as a resource we delivered a product that stands at the top of the market in the area, thus helping us secure our target rents and attract the best tenants for that area.2) Leveraging the Comps -> Using the comps report our agent sent us as a reference for the appraisal.

Can share a recent report?

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

This team consists of an Investor Focused Agent, Lender, Contractor, and PM.Read this article on the "core 4".

They have lots of built in reports.

You can also pull credit report, see if they are being sued etc.