For example, we need proof of renters insurance and proof they put electricity in their name.So, it seems odd that you are accepted but they keep wanting more information. 

For us, we have insurance on it and found it easier to keep in the trust vs. llc and have to deal with state filings etc. 

Their lease is 6 month term with a same rate month to month however, their insurance states the rebuild of their home and fire investigation efforts are going to take 12-18 months. 

I guess it can save you some time managing, for example one tax bill, one insurance bill. 

Quote from @Erick Pena: A "good" rental property is one that covers all expenses (mortgage, taxes, insurance, maintenance, property management fees, and any other costs) and still leave a surplus (commonly referred to as cash flow).Calculate cash flow as: Cash Flow = Rental Income − Operating Expenses − DebtThere's much more to it, but that's the basic idea.

You'll want the rents to at least cover the monthly principal, interest, taxes and insurance (and HOA if there is one).

Rented in a week or two, quality tenants, typically previous homeowners who appreciate a nice house, keep it immaculate and take great care of the yard.I'd rather have one of those than 10 "cash flow" properties in the hood. 

These programs offer options for less money down and in some cases DPA - Down payment assistance.As a banker for over 18+ years I am very skeptical when I hear a new name in the business only because its become tougher to lend with all of the new laws and credit/insurance requirements and regulations.  

Stability: Homeowners tend to stay in their homes longer than renters, which can create a more stable environment for families and children.

A successful rental property should offer positive cash flow, meaning your rental income should exceed your monthly expenses (mortgage, taxes, insurance, maintenance, etc.).To find the right tenants, ensure the property is priced competitively within the local rental market.