Each tenant needs to qualify by your standards. 

@Naveen Desai you've got some good comments above and just to add one item - as long as your are still claiming your income on your US tax returns you are fine to get a standard, conventional loan. 

I'd Have shelves, thinking warehouse style, and several standardized sizes of boxes. 

Check you homes rental potential by using sites like rentometer.com (for a standard rental), airdna.com (for an Air BnB rental) and other marketplaces like Craigslist and Facebook marketplace.

Open lawn and wooded acreage, chapel, in-ground pool, basketball court, 3 smaller residences, and 2 large residence/dormitory buildings with kitchen, dining, meeting, and recreation facilities!

I've seen several in the Johnson County online record search.They seem to follow a standard template listing legal address, grantor, grantee.

In short, I used my standard lease and we didn't bother to include any language since it was a "no-brainer" (yup, could be famous last words..). 

You are bumping into the standard conforming residential loan lower limit. 

You can certainly use your state's standard forms for your wholesale deals too.

Parse thru chapter 42; Themain sticking points will be navigating the combination of openspace requirements, lot coverage, and minimum parking standards.