@Mike Lee, to answer some of these questions we need to understand the concept a little better (need specific on rate of return being offered, etc) and assess the risks/reward.

The last step in your screening process, should include a phone call or meeting to assess the character of your tenant and whether you feel they will be easy to work with or highly demanding and a pain in the ***. 

Its advanced linking algorithms scour billions of public and proprietary records—on an estimated 95% of the U.S. population—to deliver a comprehensive profile of people or businesses in seconds."

This group helped to learn the steps of risk mitigation, wealth  and real estate opportunity assessment hence gave me the tools to put "fear" under control.Like the say ....

Spoke to another broker/lender who advised it would not be an issue after he assessed our personal financial info and rental incomes.  

A couple other things I haven't mentioned are that the house is assessed at 64610 and the interest rate on the mortgage is 4.5% 30yr.What do you all think?

There was a huge increase in assessed property values all over the place but apartments were hit really hard.

For title insurance, call the closing attorneyMortgage payments-This is not fixed, it is variable, there are lots of calculators on the internet such as http://www.quickenloans.com/mortgage-calculatorProperty taxes- Also varies per property, look up the assessed value on each property via a link from the town website, and then the town tax rate should be listed on the town website. 

It will take some time to assess each one for dependability and fair pricing.  

They have some upcoming projects that will also need to be funded via a special assessment.