Hi Nadia, here's a few things to consider:Credit Score: Set a minimum, like 600-650.Income: Require 3x the rent in monthly income.Employment: Verify stable employment.Rental History: Check for positive rental references.Background Check: Make sure they don't have any criminal history.Security Deposit: Typically 1-2 months' rent.Pet Policy: Decide if you'll allow pets and set fees if needed.

Lenders title insurance policy should be obtained and all documents properly prepared and filed accordingly.

Those who think an umbrella policy is enough miss one important point: if your policy has to pay out, that means someone took you to court, and you lost.

What is their rate lock policy?

If the investor fails to make payments, it could damage the seller’s credit, even if they've relinquished control of the property.Insurance Issues: A change in ownership might affect the property’s insurance policy.

Look at your policy and contact your insurance agent to see if they will cover loss of rents.

Dealing with customers can be difficult at times and it takes a lot of balance, but I believe honesty from both sides is the best policy. 

What about this:Get added to the Morgage as someone that is authorized to discuss the mortgage, but not be responsible for it.Get added to the insurance policy as a "loss payee"Get a Deed (Quit Claim or other) from seller but don't record it until the loan is paid off.Keep making payments on the loan under the other person's name.Another idea is to do the same as above but record an option against the property to be able to purchase property at any time in the future for $100. 

I have a new builder now, but because the roof is already on and it is 80-90% complete, I can't find anyone who will write a builder's risk policy for it.

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.