Lastly, you can use the PREVIOUS lease [if you like it and put an addendum that the original lease stands except for 1. landlord name and place where you pay money?]

We tend to do them the last Tuesday or Thursday of the month. 

I would reach out to the tenant and inquire when was the last time they heard from them.

Is it necessary to request recent 3-month paystub, bank statement, or last year's w2 form?

I assume it’s not after last payment or sellers would structure it as the last $1 is due in 100 years. :-))

If there were other properties, I tried to determine when was the last time they were sold.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

The board of the HOA has reached out to some carriers, but what they're finding is that many large nationwide carriers have a practice of not insuring clients that filed claims in the last three years. 

I would love to see how you have developed over the last 4 years!

I have used hard money for my last two purchases and rates are so high right now that it kills most deals.