I also have property management companies run my properties as well.SituationGoing to close on a property in Minnesota, and upon looking into the rental licensing for this particular college town Saint Cloud I read some disturbing information which I couldn’t believe was real.It states in the application that if the owner lives 45 miles from Saint Cloud.

I allow prospective tenants to sell themselves to me and charge them an application fee for the privilege of presenting.

I wish we could have taken over early enough to do the application process ourself etc.

I was going originally going to be my own property manager and ended up hiring someone instead. Should I get any landlord or PM programs now /.?

The application includes a background report and credit report.

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).

Yes, reading is great to learn about specific technics, but hands-on application when running alongside guys that are doing it day in and day out is far superior.

I know this doesn't meet the full 2 of 5 years living in there as primary as the tenants have had a 4 year lease but what if any exclusions are applicable here. 

If you don't see what you need, email or call the contact provided on the housing authority site.They are more than happy to help find housing for these tenants.As with ALL tenants, the key to less headaches is to SCREEN your applicants very carefully.

I think if you have access to all three, look through the comps they use and find the ones that are most applicable.