Don't make this more complicated than it needs to be, just make sure you run the numbers first. 

And it could be happening in your market too.TOO LONG, DIDN'T READIn summary, my advice to you is to consider ALL aspects of a potential investment, regardless of how complicated that puzzle might be to put together.

I had a recent experience with a lender that baffled me and wanted to share.  I purchased a 40K home that was being used as a college rental.  Based on doing prior deals with the seller and his motivation to liquidate...

Now we have to pay someone certified to post every notice when tenants don't pay on time, which I think is totally unnecessary.

As a listing agent, I will work with buyers directly, but it's required that I make clear I'm representing the seller and working in their best interest, and it's more complicated because lines can get crossed too easily, especially where a buyer shares information they shouldn't. 

Protect your business by preparing for the unexpected.This industry is complicated.

Even if you could, it'd be obscenely expensive and unnecessary. 

The income part is more complicated, so you'll need to have a loan officer or broker that has experience with rental income give you an accurate answer.

I did see that they are only grade 3 and although it seems like a good neighborhood I don't want to take unnecessary risks. 

Don't complicate it, just look for a service to do a mow and blow, or a seasonal cleanup, and wack everything back. 5) Find a attorney that works with landlords and get some professional advice, and for and future eviction process if needed.