Is this the kind of situation where you submit your app and hope for the best?

I’ve seen a fare share of deals, situations and trends in our area.

I agree with Aleksandrs Vilumsons It's always best to consult with an attorney and CPA to make sure you are choosing the right entity for your particular situation.

I've secured financing, decided that pursuing a BRRRR deal sits well with our risk tolerance and financial situation, and now we have to find it.While "driving for dollars", Zillow, and networking have landed me a couple leads, I feel as though working with wholesalers will be a huge asset. 

The tenant meets my criteria. i was just wondering about his situation being a recent move in town if there is anything special to that situation I should know/ask about 

We had a similar situation.  

@Andrew Beshara, I've helped a lot of foreign investors acquire properties here in the States and have a great attorney/cpa firm that can assist in your individual situation and what your income tax implications may be.  

During the sale, she agreed to a lease.The thing is she's a smoker and I'll ask the people downstairs not to smoke inside.The lease agreement as not yet been signed.Current state of mind : I'll be asking her not to smoke inside.Have you ever lived a similar situation?

In that situation, if the tenant does something that results in a hard pull of his credit and reduces the average age of his credit, such as co-signing on a new auto loan, then his credit can take a temporary tumble.I would vet the tenant through former landlords and make sure that his income is stable and meets your criteria before renting.

I would love to talk to a knowledgeable member who has been in my situation before :) Please share your wisdom and it will be truly appreciated!