We net between $45-50k per year and do zero for it.

He sat with us and she asked questions for 45 minutes.Keep in touch. 

Plan currently is to offer a six month lease when their current lease ends to have it end in summer, with the thought that at any point they would give me their notice of vacating hopefully with atleast 30-45 days to find a new tenant.

It it is just a straight loan (not fix and flip etc) then it boils down to underwriting and application time whereas a private/HML can close in 7-14 days or faster and a traditional bank will take up to 45 days.

It only takes 45 days or less and around $800 from start to finish...Btw, what kind of eviction did you go through?

So perhaps in partnership with your parents, you buy a 4-5 bedroom house. 

Hello Misael, I would do a thorough market research to verify that you can get the rent increase you want, you might find out that the market is oversaturated with rentals.If you are trying to raise the rent $100/mo, 1 month of vacancy ruins your rent increase for the whole year.I would list the property for lease 45 days before your tenant's lease expires, if you have your property priced right you should get some applicants before your lady moves out.

It's usually 45-60 minutes instead of 15 however, and a local rep or property manager can be the "designated agent" who is required to respond to nuisance complaints within the given time period.

The legal details are in Article 2A, Sales Under Power of Sale in the NC General Statutes Chapter 45, Mortgages and Deeds of Trust. 

I use and outside company to screen and it's typically only $45 for me per person and I ask the applicant to pay the fee.