This deal showcased our ability to create value and profit in a competitive market.

So, I DON'T trust my ability to determine someone's character based on a few minute casual conversation and I DO trust my ability to manage even difficult tenants. 

Lates on a mortgage trade can impact your ability to get loans in the future. 

It seems you and your husband have the ability to make a property more desirable and I would try to stay local for the same reasons you listed. 

I emphasized the quick closing timeline and my ability to pay cash via hard money financing to strengthen my offer.

I currently don’t have the financial ability to invest additional funds into it.

The ability to turn single-family lots into duplexes or even split lots for separate units can significantly boost rental income and property value.

Quote from @Levi Perl: The purpose of background screening is to determine a level of risk, and then you decide if you can mitigate that risk.How does a DUI conviction from three years ago impact the tenant's ability to pay rent or maintain the property?

From there, it requires the ability to conduct underwriting the highest and best use of a planned project, which requires a pro forma built by the user or acquired from a competent 3rd party. 

The ability to manage investments requires a desire.