But I'm curious what people with much longer history- have experienced.

Ensure the property's condition, management history, and financials align with your investment goals.

I heard about DSCR loan where it looks at the property rental income to purchase value ration and not your credit history.

Can't remember exactly the history behind that.

Reach out to former landlords or property managers for insight on the applicant's rental history and reliability.

Verify their credibility and past renting history if possible.

We may not use eviction history in NYS to screen tenants, but you may still use credit score and income/rent ratio requirement (but not source of income).

Ask to see a copy of the lease and look for the length of lease, current rent amount, tenant obligations like paying for utilities and adhering to house rules and look for Landlord obligations like things the landlord may currently being paying for (like trash and water)Make sure to have an assignment of the lease and clear language on the security deposit WITH interest shall be transferred to the new owner at settlement.Consider tenant quality - what’s their payment history looked like, obtain rent receipts or bank statements from the seller to review on-time payment history.

Sometimes we'll get payment history from the tenants, but that's rare.

Banks don’t like that, nor for resale.Realize this property is part of your family history, but would have an Immobiliarie research the property and identify all issues and give a repair estimate before digging deeper into this.