To adjust your tenant screening criteria without any fair housing issues, it’s best to apply the new credit score requirement consistently from now on, treating all future applicants the same way.

That's my near future goal.

In the future i can also build more since it is zoned up to 5 homes and allows for manufactured homes. 

If I get more info at some point in the future I'll update this thread

I see so many people say they are using schedule C and they are not providing substantial services.This post should be referenced in the future when this question keeps coming up multiple times per year.

If I make a lump sum payment of $10,000 towards the principal, the future monthly payments of $5000 should go a lot more towards the principal since there is less total balance to calculate the interest. 

You haven't even closed yet so how can you assess its future performance as profitable or not.

Is it worth the money to level the concrete in the basement of a future rental?

I'd recommend getting an REI-savvy tax pro so you guys make sure you're maximizing your tax strategy as well as when it comes time to file.An REI-savvy tax pro is worth their weight in gold.

After getting a good amount of equity in the house for future HELOC funding, I was going to move out of it and use the property as a rental utilizing a lease option, or, rent to own agreement.