This means that the current owners would have to have enough faith in your ability to close the deal that they would be willing to convince the tenants to get out of the lease PRIOR to your loan being approved.

However, there's a human element and I do have compassion for my ex.

@S Edward  I would check your condo's declaration to see how the units are delineated as being common elements (which would be condo association property) and unit owner property.

You're in like the top 1% for mortgage knowledge and (critically) the ability to acquire/learn it.

Aside from providing the basics (ie. listing tool to get the property published to 10+ major sites, scheduling tool to schedule viewings, tenant screening with comprehensive applications -- pulled reports from TransUnion, which include nationwide criminal background checks + credit checks + eviction history, digital lease creation tool, rent collection tool, and maintenance tracking tool), your tenants have additional capabilities which makes it an easier sell on your end when getting them to transition over (ie. their ability to report on-time rent payments to the credit bureaus; this can create an added incentive for making sure they pay that rent on time).

It should include an evaluation of the capital expenses for the building and you're ability to handle those expenses.

You need to actually collect it.Not only does it fail to incentivize them to pay on time if they never have to actually pay the late fee, but in some states (like mine) you actually could lose the ability to charge a late fee if you don’t enforce it because your failure to collect it could be seen as a waiver of that term of the lease.On a side note, I personally wouldn’t have renewed their lease.  

As you can see from the answers above, it is very difficult to answer your question without more in depth details on what you have thus far, what you need, goals, abilities, desires, team, etc.

The advantage with CrowdStreet is that they vet (or at least claim to) thus living you really mostly with DD on each deal.On SFRs, I think this is where the real impact due to ability to leverage our own cash.  

I would recommend finding a broker that specializes in this type of financing.The perks with FHA financing include - the option to put down only 3.5%, - it's available for 2-4 unit properties, - and the underwriter can use 70% of the rental income from the occupied units towards your ability to repay the mortgage.