What is their previous rental history like?

This could help secure a higher LTV while you build STR rental history.

It stops nonsense before it starts and keeps your property safe (and your sanity intact).Hard on Paper, Soft in PracticeMy lease was stricter than a middle-school dress code: no overnight guests, no smoking anywhere, and quiet hours that would make a library blush.

We are only allowed to screen non-tenant applicants for criminal and rental history, nothing financially related. 

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Without replacement jobs, city incomes decline, forcing cities to cut back on services like schools and police.

I like option 2 to diversify the investments in 3 smaller rental propertires, 3/2 around 1500 sqft, in good school districts which will open the biggest pool of tenants. 

After 35 years I’ve developed a healthy respect for this business from the school of hard knocks.The day I’ve discovered this business is easy or simple will be a good day to retire.

Here is the listing history: 

Look at their rental history, the conditions of their previous residence, and ensure they have a good track record with past landlords.