I'm curious as to how an 18-year-old managed to pass your screening since they likely have zero credit and zero Landlord reference.

I didn't because the tenant was extremely cooperative and in a difficult situation

My credit score is 808.

My total bill last month was $2800 which put's me on track thus far for over 33k per year not including tax returns.I should disclose that I have another business that keeps me traveling pretty much half the year.Our Real Estate business operation looks like this:Property manager handles tenants and collects rents, he deposits all rents into our accounts and coordinates the rent roll with bookkeeping, they cut him a check for his gross collected rent management fee, bank statements are automatically sent to CPA's office for them to reconcile against business credit card statements, they also handle 95% of day to day financial operations from there to include paying contractors, setting up utilities, paying company bills ,bank deposits etc. for 4 and now 5 entities with the short term rental llc.We have a initial goal of 100 doors so I it's pretty easy to see this cost jumping significanly in the not so distant future.

However, we weren’t looking for the largest possible line of credit.

I'd repay the loan I took from my LLC and then move on to the next property.The beauty of this is it won't be a hit on my credit so my DTI won't be impacted at all and I can give myself a better interest rate than a HML would.Would a bank or lender have an issue with the source of funds used to acquire the property when I go to refinance?

Tell them you will begin advertising and screening applicants immediately, they will be responsible for all your costs associated with finding a replacement (advertising, screening credit checks etc.) and that they will be responsible for the rent up to the point in time new tenants move in.

I lived through the last credit risk of 2008-2012, lost a few nights of sleep, but I think its BEST to be prepared.

Do any other investors in or near the Spokane, WA area have any recommendations for a local bank or credit union for a first time home buyer?

In that time I also got my income and credit score up high enough to qualify for a second mortgage so that we could move out before selling.