No excuses acceptedSo far with a combination of good screening and good luck, I have never needed to evict a tenant.   

I'm testing RentPrep and used it for tenant screening.

Given that I now have added risk of having the tenant forever, my screening requirements got tighter (less people will qualify) and my rent at every unit goes up to compensate for the added risk.

Family details is important so they know what bedroom sizes will work and won't.

But you'd always want to talk to the city right away (or county) and find out the development standards for the zoning that the lot is in (what are the setbacks, height limit, min lot size, etc).

I uploaded screens here in case anyone need its. 

The smaller the loan size, the more you should consider paying a few points at closing so you are not looking to do another refi any time soon.

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

One issue is the challenge of qualifying, as conventional loans will have DTI requirements, income requirements, loan size limits, and loan amount limits that investors looking to scale a portfolio run into as soon as the financial freedom snowball starts rolling.

As mentioned it can be difficult to get another FHA loan if you have one currently unless you have a job transfer, family size increase, etc.