@Jim LynchSome typical minimum tenant screening requirements look like the following, but it depends on your market:-Renter has a gross monthly income of 3x more than the monthly rent-Minimum credit score of 650-Renter must have no prior evictions-No felons (or other notable criminal history)There are a number of different tenant screening softwares out there such as Zillow Rental Manager, TransUnion SmartMove, etc.Be sure to complete an employment verification by contacting the renter's employer and confirm the details they shared with you, landlord verification (if they have a previous landlord), credit check, and background check.

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A portion of rent goes to the purchase price which is on the top end of market value. 

Keep in mind studies have been made to where rent control actually lowers vacancies and increases rents.

Market analysis is performed.”  

It all comes down to running the numbers based on today’s market, not past assumptions.

Message me and we can cover all that and where I think you'll be best served investing in our market and similar markets in Texas as well as best practices.

The same goes for coastal markets. 

In your case going to a fifth unit as noted above could actually reduce the value, so I'd be cautious of that since that materially degrades their collateral.

It’s a straightforward read without much fluff and breaks down different strategies based on your market.