How do you screen tenants (methods like Income verification, Credit Checks Approval/Pre-Approval)?

By having that information you can know how to proceed and what you need to fix in order to get approved.  

@Brad Hammond I guess my concern is more so, what are my chances of getting approved for the FHA loan if I already have a conventional loan in the same city?

. — on Sept. 23 was unanimously approved by Cedar Park City Council for incentives in exchange for plans to invest $4 million in a 15,000-square foot office complex, 16 turf fields and commercial space on a 112-acre tract near the corner of Ronald Reagan Boulevard and East New Hope Drive.More growth for this NorthWest Austin suburb.  

Over a certain dollar figure usually needs owner approval.

I wanted a multi-family but wasn't pre-approved for a higher loan.

Are you pre-approved?

For instance the one I know of pre-approvers clients before they are ready to go shopping for properties.

I know I can get approved for the same amount as I would've been with a traditional mortgage but I'm afraid that because its uncommon it will be "feared" by sellers. 

Here's a breakdown of my current position: Pre-approved for a loan up to $170k  $28k saved up Looking for a small multi-family (2-4 unit) that needs work I work full time as a salesman at AutoNation (DRIVE PINK!)