I would treat him like any other tenant applicant: run credit and background check, complete application, check references, verify income with employer etc. and make a decision based on this info whether or not to add him to the lease.

I tend to underwrite conservatively (to avoid getting in a pickle), so seeing so many MTM leases just piqued my "Warning Will Robinson" alarm (We'll see how many get that reference)....

Abe,While the information about Flood Insurance rate increases is accurate, it is only referring to the National Flood Insurance Program (NFIP) from FEMA. 

Formal quote or contract in writing with clear and detailed expectations of each party.Check WI contractor licenses: https://app.wi.gov/licensesearchCheck for judgments, liens, lawsuits: https://www.wicourts.gov/casesearch.htmCheck LLCs: https://www.wdfi.org/apps/CorpSearch/Search.aspxthanks for the great advice and the references Rebecca!

If you could drop some additional references of books, podcasts, etc. for me to expand my brain on, that would be great!

I’m going to screen shot that one to refer back to.

@Jared Cooper I refer out Tracey Benson (First Sonoran Property) and she does a good job.

By the way, I couldn't find the thread you were referring to, but have come across several other interesting ones, so thanks for that. 

@Scott Bell he is most likely referring to Deal Machine.

The owner was referred to me by a mutual friend who I had asked about buying some of his properties.