While it may seem daunting at first, beginning with a clean slate allows you to establish clear expectations and build a strong landlord-tenant relationship from the outset.

The best advice is to establish/adopt a screening criteria and stick to it.

BiggerPockets is an excellent platform for networking and establishing connections.

@Anthony Zotto I hope you purchased a good deal because it's time to go to work and establish a new order. 

I do feel like anyone serious enough will just take the two minutes to answer the seven questions, which basically just establish if they meet the minimum requirements (3x the income, Credit Score, No Pets/Smoking, etc). 

Case law is well established differentiation between a loan assumption, and a subject to purchase.Fraud can be charged if the purchaser has not fully disclosed intent and circumstance to the seller, as well as the other way around.  

The lease would establish income, which can be used for loan qualification purposes.

I know it has been a while since you posted this and while my partner and I have both established HELOCs, I have been thinking again about what you said here.

We use rentometer.com and knowledge of the market to establish what we feel we could get for rents. - Next we run the numbers on cost. 

I look forward to chatting with everyone and establishing new contacts and bring you along in my investing journery.