Will the proceeds be deposited in a joint bank account?

They are all different as far as deposits and who would be responsible for foundation etc 

It really comes down to what specific documents you need from the tenant that you'll feel secured and comfortable of renting it to him/her.The typical criteria would be credit, background check, renters insurance, first + last month of rent + security deposit.

If within two years from the date the earnest money was deposited in the broker’s trust account, and the parties have not provided the broker with such signed instruction or written notice that such legal action to resolve the dispute has been filed, the broker shall return the earnest money to the purchaser with no further notice to the seller.

So a few points I want to clarify, FDIC insurance is for bank deposits and won't have anything to do with a credit card so don't worry about that terminology when you're searching.As far as building a relationship with a bank I would say it is more important if you don't have good credit and want favorable terms, in your case with good credit it shouldn't make a world of a difference. 

The rest pay by check which takes up most of my time (3-4 hours each month) depositing them.

Its alot cheaper than an eviction (If it works) I would start with the amount of their security deposit!

In terms of qualifying income, lenders will use 80% of business deposits and 100% of personal deposits and use your full W2 Income.

The Code enforcement of the City sent a letter to say the tenant needs to vacate and the owner must reimburse for relocation fees in the amount of 2 months rent and the deposit.

Is the deposit less then 1000?