They will review the documents they request you to turn in and once approved, they will have a W9 for you and your account information so they can start depositing the future rents into your account instead of the previous owners. 

If they need to approve the grass (or have a list of approved grasses), that should be outlined in the HOA documents. 

For one property, we had over over 10 fraudulent applicants, another time, we had 3 different applicants with the same fake employment as if they received their documents from the same vendor. 

Your manager documented everything in your statement. 

This is cut-and-paste from our doc request packet...PREPARE YOUR ENTITY DOCUMENTS: The great thing about investor loans is that once we have the basic documents from the borrower, we simply need to make sure they are current and updated periodically.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

I would imagine there are plenty of attorneys willing to review  and prepare like kind transactional documents and provide attorney review for significantly less than $15,000.00 ensuring transaction is completed correctly.

Use the search bar and spend an hour or two reading.ESTOPPELYour offer to purchase should include a requirement that the Seller provide all documentation and agree to sign an estoppel certificate (also called an estoppel form or agreement).

It was built in the 60s but just got a new roof, HVAC and water heaters were all updated between 2017-2018 so fairly new, and it’s an active mid-term rental making about $3,200-3,600/month depending on the season and he provided all the documents to support that from the past 1.5 years.

You will work with your, custodian on any transfers into that new checking account. the plan document provider you choose will handle everything with the irs and state as far as the set up is concerned.