Hi all, my wife and I are finally getting serious about investing in real estate this year, and have been so thankful to have found this community! 

Finally got it straightened out and Newrez did waive the late fees because it should have been a seamless transition and was not.

All of these are things that will give you an advantage when you finally are ready to invest.

Finally, check with the Town to make sure there are no municipal liens, Make sure they're on Town sewer, check with the tax assessor to see how many bedrooms the tax office thinks there are, (important if you are flipping) buy ok to have more bedrooms if you are planning to buy and hold.  

Their income is only 3X rent, they lack credit history, and the household is much larger, which could result in more wear and tear.

I would also suggest letting them know what the requirements are prior to the showing, and possibly even allowing them to sort of fill out a questionnaire and making it known that failing to meet one or more of the requirements could result in denial of a tour however, everyone is encouraged to apply.Quote from @Emily Mohr: Thank you @Charles J Sabo, @Caria Mitchell, and @Matthew Becker! 

The result is an immediate tax benefit in the year of disposition, reducing taxable income.Death Step-Up Basis: (bummer, you have to die for this benefit to kick in, but...) 

Finally, access to funds.

🏡💥 Tesla Cybertruck ExplosionA tragic incident occurred outside the Trump International Hotel involving a Tesla Cybertruck explosion, resulting in one fatality and seven injuries.

Finally I came to my senses and served them a 'Notice to pay rent or vacate by the 10th of January' after which I plan to file an eviction.