This can usually be established with an investor qualification form. 

Anyway they are asking 240K which is below our pre-qualification amount.  

I know every tenant has to have a first rental at some point, but good people 99% of the time have good family willing to help them out to get that start.My point was more-so that if the PM and landlord agree on qualifications (which should be driven by the experience of the PM and their market knowledge), then the landlord is in no position to blame the PM if the tenant goes sour - we can't control the tenant's life, only mitigate the risk/damages.

now take the same city and go for a 1000.00 a month 100k rental..  3k a month is the qualifications to get into the home.. leaving 1800 a month to live on or almost double.. can you see how that works.Investor simply cause their own problems with their own greed and expectations that low rents low value assets perform exponentially to higher value assets.. and nothing could be further from the truth.. just watch the Morris videos how he explains how solid those homes are .. and If you fall for that line of thinking well you could have some issues long termListen to Chris Clothier and his thought process of being on the exact opposite end of the spectrum and U don't see his clients on BP whinning about getting all these wipe out tenant issues. 

Capital one is pretty easy to get and she apply for pre qualification first so it doesn't affect her credit score and then apply for the card they pre qualify her for.

I know at Fort Lee, VA there were very strict rules on what facilities qualifed for permitted TDY housing.Also, there have been a lot of changes to the DTS system and the Army is pushing hard to get people into the IHG facilities on post FIRST.

@Luke Aubut I dont have an HML for you, but i want to help a little with your education, most REO Sellers (assuming the deal is REO) require a Pre approval, not a Pre qualification, i dont know of many lenders writing pre qualifications any more as they generally are worthless.

Regarding retired applicants, do you still have to keep with the same qualifications?

I want to send a notice introducing us as the new owners and giving them notice that in order to renew their lease they first must consent to a criminal, credit, and eviction screening under our new minimum qualifications/new lease terms for all persons over the age of 18 that live in the home and also inform them that rent will be increasing November giving them the chance to stay if they want  and meet our rental qualifications or decide if it's best for them to move.I want to know does this seem reasonable and if there are some things I should consider before moving forward with this plan?

Sometimes HELOC is the better option, but qualification can be a deciding factor.I'm a mortgage agent, my client list is about 50% investor focused.