Income and credit are my initial screens.  3x and score 600+.  

It might happen on the TV flip shows, but few HML's are going to give you a bunch of cashier's checks to buy anything before their money is secured.

Are there any red flags to watch out for when screening?

Nice job on the garage conversion, and I think TV should always be watched a little askew.

We like - good communication, great tenant screening, clear financial statementsWe hate - padding expense costs

I can't give you any advice on becoming an agent but you can use the search box at the top right of the screen to find some other posts that might discuss the subject.Good luck!

How's it going BP,I recently closed on my first SFH Rental on February 13th, ( i can go into the numbers later) but I am planning on self managing my own property with the help of my mentor (for advice and tenant screening help) who is also a real estate broker and property manager. 

You can search contract for deed on this site and learn the current legal issues with CFDs.A lease-option does not put you in title to refinance, Ben must be asleep or on his meds at his computer screen.

Specifics about the contract, screening a tenant buyer and/or exit strategy?

Try to automate as much as you can with your marketing and pre-screening so you focus your time on the best leads.I just listened to a good podcast on the subject.