Get copies of the lease and proof that they are paying on time and yes get an estoppel certificate. 

That fact was posted earlier, giving the recording number as proof.

Also on the lookout for ideas and materials and homes you can make tenant and idiot proof. 

I have one fridge in storage as a tenant brought their own, so that is a mixed bag.Refrigerators and stoves are reasonably failure-proof appliances if you stay away from ice makers, water in door options, and other things that add complexity.

We do not have legal title for any of properties we display in our social media channels.Luis.. 

We only need 12 months of housing history and proof of rent payments.The DSCR market has evolved a great deal over the past couple of years, which has opened up access to more investors. 

I figure the upside to the rental scenario is, of course, investing in multiple properties, while a downside would be having to most likely get a conventional loan on the second house with 20+% down and proof of sufficient enough financial reserves to handle two mortgages. 

Also, if you have cash to complete the purchase, you can get preapproved and then make an offer with proof of funds and without a financing contingency with a standard 30 days to close.

No, just inform them you are the new owner (they may want proof) and provide them with the address to send payments. 

Proof of his funds updated monthly..