In some areas, I find that the information is exaggerated (applicant lied) to make their application look betterHere's how I use them:  A lot of times, the applicant will self report information that disqualifies them. 

Most bankers can run live pricing to help you make a final decision without having to have your credit pulled several times or fill out a dozen applications and submit docs!

After communicating with a prospective resident (Google Voice #, usually by text), with just a name, telephone number and email, the applicant can pay $55 to provide us with a background, eviction and credit check.

@Helena Goyvaerts rate for a 30-year fix would be at least 8.5% with some points (1% of loan amount).Most DSR lenders have a minimum credit score requirement from the applicant.

I have a rolodex of connections if you would like.Also you can use a combination of the websites belowrentometer.comzillow.com  (look for the ones with a lot of applications

Even with guaranteed rent, it's important to thoroughly vet applicants.

During the escrow/title process, you are finalizing loan documents, reviewing title documents (HOA disclosures if applicable, title reports, etc), obtaining homeowner's insurance, and preparing to wire your funds to title. 

Depending on how the tenant works out, might ask you a few questions.

For each property listed through a Section 8 website, over 100 requests for application are received within the first couple of hours.

One thing he used to do was hand-deliver the application to them so he could see how they kept their house.