Quote from @Scott MacComb: I have had contractors just do a small list on a paper napkin, and some do something on a word document.

Post Dodd Frank sellers have continued the same bad practice of selling houses to occupants with financing at selling prices that are way high, can't be justified via any type of 3rd party valuation (appraisal, zestimate, tax value, even recent sales in the same area).   

A good realtor that has done house hacking, renovations, off market deal finding, and owns these types of properties as well would be the perfect mentor.  

Usually the type of work has to be dealing with the real estate itself, not just providing a service that is applied to a part of the house/building. 

Are you still looking for this type of deals?

I think there are a few types of people when it comes to this oft asked questions. 

Have you found that certain property types or markets tend to have more eviction risk regardless of screening?

This type of transaction occurs frequently.

Sounds like you are going with a Fannie/Freddie type loan based on the cap of 2%.  

* What types of evidence would we need?