While the federal policy bans evictions based solely on nonpayment of rent, it allows evictions for other issues, such as damaging property or engaging in criminal activity.

You say you are checking for repairs to the property but you are also looking for unauthorized pets, tenants there not screened and not on the lease, drugs, criminal activity  etc.

I might suggest:A - 6-8%B - 8-10C - 10-15D - 15+You do need to be watchful of clustering of many distressed/criminalized MFs in an area, which happens often in urban areas as criminal activity and unemployment leads to vacancies which leads to broke landlords who can't fix their distressed units, so more people leave that area, and it just spirals down from there.

Run full criminal background and full credit. 

You also need to capitalize your company, holding RE in a shell with no cash or other assets can also disqualify the limited liability aspects of the LLC......if you had multiple LLCs you'd need liquidity in each company.Some questions on the internet end up being answered by folks much like a convict asking another convict in prison how to provide a legal defend to a crime, prisons are loaded with experts on criminal defense matters and dummies.

It was booming for a long time.The Detroiters are scared to get called out for being lazy and criminals. 

—In all criminal cases, contempt cases, and other cases filed pursuant to this chapter, if a party has sold, leased, or let real estate, the title to which was not in the party when it was offered for sale, lease, or letting, or such party has maintained an office bearing signs that real estate is for sale, lease, or rental thereat, or has advertised real estate for sale, lease, or rental, generally, or describing property, the title to which was not in such party at the time, it shall be a presumption that such party was acting or attempting to act as a real estate broker, and the burden of proof shall be upon him or her to show that he or she was not acting or attempting to act as a broker or sales associate.

Credit, landlord history, criminal history and employment are critical.

Financial minimums, smoking, pets, and criminal history are areas in which you can set what you want your minimums/norms to be.Good luck!

If you already know that you as a borrower are approved, and you know HOW the lender approves a property, you can go under contract with a fair amount of confidence that it will be financed.HML typically look at the following for borrower: Credit, Assets, Experience, it is not uncommon for a criminal background check as well.