Which you can refine your criteria even more to match bedrooms bathrooms, etc.

I primarily want to verify identity and criminal history.Since I can't run an application on the company, I usually charge a higher deposit of double or triple the rent or I will ask them to pay first, last, and deposit.I also try to negotiate a cleaning fee and use my professional cleaner after vacating. 

Do we make up for it on the back end with first months deposit and upfront fees?

Once you receive Form 1098 from the lender to you, issue two matching Forms 1098s for 1/3 of the amount from you to each of your partners. 

Especially for security deposits. 

Make sure that the entire $100k is deposited into the LLC account and used for LLC business purposes.Should the LLC take over all the payment of the mortgage directly?

This deal was a slam dunk, we wrote the contract and I deposited $10k earnest money. 

I have 14 days (legal limit in Hawaii) to return any appropriate security deposit. 

Does the owner of record match the name of one of the guys?

So the deposits on the C-class rental can actually be equal to the deposit on a home renting for twice as much.The lower priced rental will also be a smaller floorplan with tile and laminate flooring instead of carpet, which saves on carpet cleaning and new carpets, and repainting on a pure sf basis.