@Jim LynchSome typical minimum tenant screening requirements look like the following, but it depends on your market:-Renter has a gross monthly income of 3x more than the monthly rent-Minimum credit score of 650-Renter must have no prior evictions-No felons (or other notable criminal history)There are a number of different tenant screening softwares out there such as Zillow Rental Manager, TransUnion SmartMove, etc.Be sure to complete an employment verification by contacting the renter's employer and confirm the details they shared with you, landlord verification (if they have a previous landlord), credit check, and background check.

preREO is a marketplace for non-performing mortgages as well as REOs.

I see there are like 4 in the whole Valley right now, so I am guessing it was not a great avenue for you...?

Just like how Johnson & Johnson or Coca-Cola send you quarterly dividend checks, your tenants are sending you monthly "dividends" in the form of rent.

I also invest in other assets such as stocks, and private companies as well.

Well, it sounds like you was tearing it up. 

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

Don’t forget about direct mail campaigns as well.

They are like what do i do?

(Not that I've known what that feels like for a long time...)