I have obtained Schedule E pertaining to the property, but IMO it should not be used alone as a verification since you'll never know if that was indeed the schedule that was filed.

If the lender has significant credit extended to them for the sole purpose to fund loans then obviously this is a step in the right direction regarding your verification processes.#6 Does the lender have a Mortgage Fund blessed by the Department of Corporations ( "DOC")Most Mortgage Funds are registered by the DOC.

Sharad, when doing a verification of employment, I used a modified VOE (1005), used by lenders.

If it's been less than 90 days, there may be some additional scrutiny, such as multiple appraisals, verification of repairs, an extra FHA inspection, etc.

In the scenario above, this investor would be able to to do more than one deal at a time, thus the opportunity costs would be higher using an HML.

I was thinking that to I might be able to to a Rent To own so that way I get a Tenant that will take care of the property (theoretically) and will also get a down payment.

If you take your time to research, study, educate and train yourself to acquire knowledge and the essential skill-set required to to succeed in real estate and of course understand the benefits you enjoy as an investor which includes leverages of ownership, appreciation of equity and tax deductions and depreciation. 

DETAIL:I use “Subject To” to buy houses I can cash flow.

BUT Crazy can not usually keep a job for very long or stay at a rental for very long.Rentals are a big leap of faith that can only be mitigated by the income verification, past rent history verification, and little else. 

@John ThedfordStill preaching to the choir, hey....Oh boy, using the mail to to say you're buying when you never do, oh what fun!