As for the 1% interest rate - the IRS has an Applicable Federal Rate which needs to be used for Federal Tax purposed.  

I believe Zillow will even take applications and screen/background check applicants for me.

When we buy primary we do not pay mortgage for 2 months, is that applicable to investment property?

There is an exemption for 2 assignments, then you'll need to be a licensed real estate broker or salesperson.You'll need to follow all laws/regulations applicable to real estate licensees, such as disclosing your fee up front to the consumer.Virginia Senate Bill 576

In most large apartment complexes, apartments are not allowed to be shown unless the applicant gives their driver's license to the person showing it, to be left in the top desk drawer.It's a personal safety issue.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Fill out a normal application with the trust as the borrower, with you signing for the trust as the trustee and you as the coborrower, signing for yourself as the coborrower.It's that simple.

You also run the risk of burning good leads by showing them a filthy apartment.You may want to appeal to your outgoing tenant that each of your goals are aligned, and the sooner you find a qualified applicant, the less showings will need to occur - and the level of housekeeping (or lack thereof) is working against that mutual goal. 

What's your preferred method for Background/Credit checks and Applications?

Generally Applicants must submit:2.