For the most part these lenders do not report to credit bureaus unless there's a problem in collecting so verifying payment history for the new lender will have to be direct.

We had a new roof installed and new gutters in 2012, replaced and repaired plumbing stacks/pipes that failed and have done extensive tuck pointing.

Collections attorney here.

As far as mortgage, Since you appear to be 1st timer and the banks will likely be looking at your personal income to pay the mortgage more than the rents you feel you would collecting and using towards your mortgage payment. 

So, if I am a CA resident with W2 income and am collecting rental income in TX, I will need to file for income tax in both states and will have to include my TX income on my CA filing?

In this type of increasing market with increasing rent rolls,you should, as a rule, expect to earn back 100% of your investment within 8 years (if you spend $100,000 on a home, you should aim to make $12,500 a year in rent meaning you could collect $1040 or so in monthly rental rates.

He has extensive experience in commercial loan originations, including his position as principal and mortgage broker for CHF Real Estate Corp., where he originated commercial mortgages across all asset classes.

We typically find homes and do moderate to extensive renovations to them, then we put them under a property management firm out of charlotte that we have worked with extensively.

So my take on it, until NAR decides some day to publish to the public their statistical data collection methodology, is that 2/3 of Realtors are renters.  

Bring your questions and let's talk turkey.Also, I'll bet you've collected some golden nuggets from your background screening days.