Therefore guidelines are available but “Contractors”I was making a checklist for contractors for my own practice so I can logically sort out the best ones especially in OOS investment that I have not worked with them before.

Apparently, Fannie Mae guidelines say if the holder the Title is the 100% the same as the holder of the LLC holding the Title then its okay. 

You will find that many traditional lenders for commercial property have very tight guidelines.

One rent payment.......Young, inexperienced with borderline ability to pay rent for a consistent time.....3 new room mates........ its gonna be a gamble, so you need to protect yourself.Personally this would only be a remote consideration since its been vacant for quite awhile now.... otherwise I would pass if I had other applicationsWe all start off somewhere and need some one to take a little chance on us....some times it pays off to be that person....sometimes you get kicked in the nuts

I’d be glad they are keeping the smoking to just the garage especially since it doesn’t outline a smoking guideline anywhere in your lease.

It is a gamble. 

@Carlos Lez I think setting clear guidelines from the start helps.

I'd suggest researching your local landlord tenant law as this will be your guideline on how to proceed. 

Something to consider would be to read the HOA guidelines for the townhome you are pursuing in addition to the location for these rentals.A realtor or property manager should be able to tell you about the rental market.Also I am not sure what your long term goals are but whichever turnkey property you purchase... instead of paying it off quickly you could save for another  home to purchase when you move from house to house.

., I can't give you specifics due to differences from market to market, but I can give you some general guidelines.1) Review listings on large websites like Loopnet.