A proper vetting process - background, employment, credit, and reference checks - will weed out 99% of problem tenants. 

This is what we tell members:  These teams have a track record with us.

Interesting approach, how would multiple refi affect my credit score?

Then they didn't pay them and the  bad credit goes to someone else! 

This includes credit, criminal, and rental history checks for all parties.

You don’t need necessarily need to build credit.

Personally, I follow this standard for every application I receive:- Income of at least 3 times the monthly rent (verified through the employer)- Credit score of 580+- Rental verification with past landlords (no outstanding balances, no late payments, and the property left in acceptable condition)- No history of collections, evictions, or criminal offenses- No overdue debt (except medical debt)This process has helped me place quality tenants over the years.

Utilize tools like BiggerPockets for resources and calculators, and consider creating a simple spreadsheet to track property details, budgets, and timelines.

Given your financial constraints and the property's ineligibility for historic tax credits, this approach allows for reinvestment into assets more aligned with retirement account rules.For future real estate investments, you don't need an LLC for tax reasons.

To address this, the lease will clearly state that any credit will be returned at the end of the lease term.