Hello everyone, working on getting first rental property listed out what are some general qualifications or screening questions that I should ask for prospective tenants looking to rent.

The way the bank looks at your qualification is by looking at your total liabilities including your monthly mortgage payment plus your future payment for the Heloc.

This will also help weed out the people that cannot meet your qualifications. 

To me you've satisfied the qualifications for a 121 cap gains tax exclusion. 

@Armando Carrera research and develop your own typical tenant qualifications so you don’t accidentally violate fair housing, landlord/tenant or local laws on occupancy limits based on bedroom quantity/size required for kids, number of unrelated persons in one house, etc.

Like all aspects of investing, the most important step is to do your research on the home and tenant.Review their original applications to ensure the current residents meet all qualifications.

Licensed brokers can help with qualification, as its a very simple process, and get you your fifth property.

Feel free to inquire about their staff qualifications if it's a larger organization.2.

Feel free to inquire about their staff qualifications if it's a larger organization.2.

I understand that all answers come with qualifications and things need to be assessed on a case-by-case basis, but I appreciate your general advice!