However, aside from that, I couldn’t find much information about them, and the only online presence seems to be the wife’s LinkedIn profile (though I’ve never met her in person and am just going off her profile picture on Zillow).After submitting the application through Zillow, we attached our income (two months of pay stubs for each of us from our current jobs), work references, credit and criminal background, rental history, and the contact info for our current landlord (who just so happens to be my fiancé’s father).

In a perfect world the water is hard piped at least 15-20 feet from the structure once it comes out of the gutters.Where is the top of foundation in relation to elevation of drainage and elevation of the road?

I'd venture to guess your tenant is a criminal or drug addict of some sort.There's some truth in your thought but he's actually a really nice hard working young man. 

County has assessed for 200k but would be worth more due to the area they are building homes left and right on that road and they are selling 300k+ and up.

There might be other states added, soon or down the road.

Btw, the buyer is in no way at any criminal risk vis a vi the lender, he has no contract with the lender and therefore no obligation to the lender.

So I get this referral from a relative about a tenant who has good credit score, no criminal history, and a good paying job.

Quote from @Chase Calhoun: Just wrapped up a build-to-rent project on Wilson Road, and I’m excited to share how it turned out!

However, if that effort fails, the local agent is equally liable – criminally and civilly – for any fees, fines, etc. associated with the property." 

You can also do a live in flip where you use the equity to sell and reinvest down the road.