FORECLOSURE: A seven year waiting period is required, and is measured from the completion date of the foreclosure.A three year waiting period is permitted if extenuating circumstances [EC: non recurring events that are beyond control that result in a sudden, significant and prolonged reduction in income or a catastrophic increase in financial obligations]  can be documented and the lesser LTV of 90% or the standard product guidelines.

You'll never be 100% comfortable with going for it the first time, and you'll likely have anxiety for months afterward wondering if it was a good choice/thinking about everything you want to fix - you just have to do your best to make good purchase. 

This is giving me some anxiety so I'm looking for any advice I can get.

I’ve created a note that I can paste into a text message with these same recurring hurdles (e.g., income, move-in timeframe, pets, # occupants).

Some good books to get started are:Real Estate Note Investing - Dave Van Horn (Bigger Pockets published book)Invest in Debt - Jimmy NapierPerformance Anxiety - Gordon MossBest of success to you.

(No more “the check is in the mail” excuses) It would be great to apply a discount to my recurring payment for QB online!

At first glance, if no recurring expenses you would be just about breaking even. 

This allowed me a recurring income stream with which to build from.

I have the same anxiety towards risk that I think you're having and I've noticed that sometimes it helps to step out of yourself when analyzing a deal and pretend that you are coaching either a new investor or your past self through the process.

I hadn't heard of Zelle so I looked at their website but I didn't see anything about being able to do recurring payments.