Most appraisers will take into account both your actual rents (as verified by 2 years of tax returns) as well as what they consider market rents. 

I’ve read that my location is one of the worst areas to invest in real estate so I really have to think critically in how I am going to plan this.Historically San Diego has produced one of the best Return on Investment (ROI) for buy and hold real estate in the country (verifiable fact). 

Even if they decide to keep it and rent it out, they need to verify the mortgage company will tell them how to transfer the docs and mailing address, along with allowing them to continue to pay or assume any finances.

I first however verify income requirements and conduct a throughal phone screening.

Be sure to verify what the actual terms are. 

@Isaiah Williams I'm not a lender or an attorney so please verify this - what I've been told by the lenders I work with is that FHA requires owner occupancy for one year and after that you can rent it (again - please verify as this is what I've been "told"). 

As far as tenant screening, I always check references from previous landlords and verify employment. 

What would be a contingency to get out of the deal if the rent rolls/ operating statement or lease info is not-verifiable or turns our to be false ? 

What would be a contingency to get out of the deal if the rent rolls/ operating statement or lease info is not-verifiable or turns our to be false ?

On one hand, they me be just like you and not raise it often, but it also may be because there is something else lurking - just my initial thoughtsAlso, in order to get the lender financing they are requesting the Schedule E to verify the income to use to offset the debt, so that I don't have to get qualified using just my numbers.