Your state's laws could well be different.The general idea of adverse possession is that if Person A uses the property of Person B and that use is hostile, actual, open, exclusive (you might have an "out" there), continuous and notorious for 20 years, Person A can go to land court and make a claim on the property that he has been using. 

How willing they are to provide it tells me what type of relationship I am likely going to have with that person as a tenant. 

So, he was either still "rehabbing" in his mind or so he thought, who knows, or his whole persona was reflected in his accomplishments and that was all he had (no family, no life or whatever).

As tomorrow is the 1st and nothing formal has been set up I was planning on collecting the first payment in person, as I assume the previous landlord did, and then move to an online system afterwards.As the tenant is currently paying about 200/month under current rates (600 vs 800), i'd like to either raise it up slightly (700~), or remove the tenant after 90 days and do some renovations and then rent out for market rate. 

I have never heard of that requirement but I wonder if they are referring to the need to have a local physical address and person as your agent for service.  

Only grow as fast as you feel comfortable, contrary to belief real estate will not make the average person a millionaire overnight.  

I would still screen this person as you would anyone else. 

There is a $35.00 Non refundable background check that the applicant needs to pay to smartmove.Look at the ID of the person when they get to the property,.......and make sure it matches the person.....A quick tip on showing......and setting rental prices.......Do a "soft advertisement on Craigslist with all the info.....but without the actual address.....just the name of the street.....see if you get lots of responses quickly.......if you do......that means you need to take the ad down for a couple days and then re advertise it at a higher price..............I advertise on CL and when the phone rings.....Do NOT ANSWER.............let people leave voicemail .....you want to see if when they leave a message they sound like someone that you may feel comfortable talking with on a daily basis......And DO NOT DO OPEN HOUSES..............What you need to do is when the first person you talk to that you get a good vibe with expresses an interest in seeing the house......you tell them I'm showing it Saturday at 10am and Sunday at 3pm...........then be quiet.....they will pick a time.......and you repeat that process with everyone that calls and make sure it at or around the same time slot as everyone else.....Don't tell them other people will be there also......When they do show up and they see other people there also.....it creates more of a demand for the room :-)   Also...pick a time that is withinn 24 hours of talkin with the person....if you talk with them Monday afternoon....tell them you are showing it tonight at 7 and tommorow at 6.        

@Roee Hazut there is always more risk when you are trusting people to manage your assets out of state, country, etc...For some investors out of state means somewhere they have family ties, friends, whatever so they can check on their asset and meet the team in person.  As

If the good person, person A is on the lease, he will do what it takes to protect his good name(credit) and follow on his obligations even if person B cannot. it really person A that is taking the risk on person B.