To make sure they are the right match for you. 

I think you could be a good match for their living arrangement.

I am working on getting a property under contract but before I go further I already want to have a title company to go with to leave my earnest deposit with so that the buyer feels secure in knowing who the title company is.

This drives your profits AND risk up, as then tenant is responsible for all maintenance.If you buy from the owner MAKE SURE he/she/they assign the existing lease, rents and deposits to you as a condition of the sale.

Make sure you have a system in place for prospective tenants to pay application fee and once the lease is signed, a way for them to pay the security deposit and the monthly rent.

Either way, you are going to need a lump of cash, because good foreclosures that are sold outright are going to be snatched up by real investors, and most auctions are going to require a sizable deposit and closing soon after winning the auction.

Brandon, I've spoken with some lenders that WILL include up to 75% of that potential rent in your debt to income ratio as long as you have a signed rental agreement with a security deposit BEFORE closing on the house.  

If he deposits at bank also reach out now asking him when but not if he has, assume the "deposit" this takes you out of an accusatory position in case it was sent, or deposited with a wrong number etc.  

In addition, bank deposits have increased, providing additional funds to lend.Bank lending is usually limited geographically to the footprint of the bank’s retail network as many banks prefer to lend only to those borrowers to whom they can provide additional banking services.

Conventional, Fixed Rate - Typically 15 or 30 year loans which have a term that matches the amortization, meaning you make the same payment for the entire life of the loan.