The building seems solid with a great rental history and solid tenants.

Because if it is, you haven't spent enough time at the recorder's office yet.I have been in situations where a check with my real estate agent of the MLS property details (which purports to show lien history of a property) didn't show a first mortgage that had been recorded but not entered into the MLS database.

History shows it sold for $74k in 2005.

@Galen Bricker  I stay away from applicants with no references and no history.  

.--------------------------- Yes....That is right as per FNMA --  but some commercial lenders will go to 80% as NOT written to FNMA guidelines.Type up a generic application...pull your credit online with all 3 scores...then fax it to two or 3 or four lenders...with these instructions.1) They are NOT TO pull the credit again as your trimerge credit is included  - so no more inquiries and then they do not know who else is looking at the deal2) They have then job history and debts --- and property address so there is NO REASON they cannot give you a very accurate good faith and the property address will allow them to pull a title profile and an online AVM appraisal ---  so they know 100% what they are getting into .Because I serve three states and many times drive to see clients and properties  I do this process upfront on all my deals - so cutting the conversation very short with a bad deal.

I personally follow the location x3 rule in that I only look for locations that have a history of stability and/or are positive transitioning.

Recently I have been requesting a double security deposit from these type of tenants but most do not follow-up.I would like to know how other landlords check on applicants who are recent homeowners with no rental history .

Looking to connect with foundation, electrical, roofing, and plumbing contractors that work primarily in eastern San Antonio. 

I only have a credit history of 2 months so far and I need at least 6 months for a FICO score.

You have to dig a little to answer two questions.(1) The history of zoning code for that particular area.