It requires some capital to invest, making smart decisions, and being patient.

Gathering requirements from the city now.

At that point, hopefully the seller has a firm understanding of your requirements for an investment and its a simple yes/no response.

The water heater was replaced a few months ago.I have access to very cheap money so my thought is to be proactive with those major expenses before I turn it into a rental.

Many of these platforms also send the same leads to multiple agents.Since most of these paid leads require work/follow-up anyway, have you thought about paying less $ for leads where there is significantly less competition?

Also, if you are using one standard set of criteria to review all tenants, both section 8 and non-section 8, do you require a minimum credit score?

Based on the aerial shots of the property building 2 ADUs may not be easy because of set back requirements and to be honest I know that you don't need off street parking if close to transportation and it is a garage conversion on a single family home.

What's going to happen to me" etc.3) It gives you an opportunity to tell them how the transition will work - the next owner will assume their lease and they are required to honor the remainder of the lease.Good luck with everything on this sale!

I'm looking for lender recommendations as well as how the rental income is used for qualification purposes and down payment requirements. 

Ours will be $50/mo, including water!!