My lease also says I am authorized to show it to potential buyers or renters with proper notice.Some tenants fight this and I typically let it go because I know they'll sabotage any showings anyway.

Tenants typically will default in paying utilities before they default in paying rent.Introduce yourself and your management style as soon as you can.

I agree with Zach, most loans at $20K are typically put on a credit card or borrowed from family.

All interiors have the same paint color scheme. 

That sounds fairly typical.

Typically, second mortgage lien holder will foreclosures when the sale proceeds will cover both mortgage debts. 

That is typically a good indicator of a distressed seller/property.

For that we typically look for his/her income to exceed 3x whatever the monthly is. 

This is the typical Japanese mindset for properties in Japan.Tokyo which is where I live is a different ballgame. 

Our motto is "We won't throw away a 25 year close friendship over the color of the pillow shams."