All you need is a single place to track tenant information, payment history, maintenance, and a few other things.

It’s also worth asking the seller for more details on the tenants’ payment history and lease terms.If you’re new to this market, local property managers or real estate agents can give insights on vacancy rates and tenant turnover.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Conduct tenant interviews or verify payment history to confirm rental income.For larger multifamily deals, work with a commercial real estate broker who specializes in multifamily properties.

Verifying last 2 years of rental history very important!

Acquire the history usage from the utility company and just divvy it up between the units into the rent. 

Most S8 tenants have a history of bad decisions and from all that, many have only learned how to game the system.We embrace S8 applicants, but screen them just like any other applicant.Many have an entitlement mentality and try to leverage their S8 voucher and pretend to be helpless:1) A percentage won't apply because they expect a landlord to waive application fees for them.2) Many cry broke and expect a landlord NOT to charge them a security deposit.3) Many of those same S8 tenants trying to avoid paying a security deposit, won't make an effort to call the list of nonprofits we send them that will pay their security deposit if they apply.4) A lot of them try to avoid paying for utilities.

Building a credit history...all on point.Things that I would also start looking at: where do you want to invest - locally, nationally, internationally?