In this scenario you would do your normal screening on the new applicant, and write an addendum to add them as an authorized occupant.If you feel comfortable releasing the tenant from the lease you can write a new lease with the new parties and transfer the deposit to that lease. 

If you're good at it though and you can make it as an agent and investor the real estate professional designation is sweet for taxes. :) 

By having that expectation going in and being comfortable with the expected profit at that level, couldn't you say I've got my eyes open. 

Im looking at $80k properties that rent for $5000/mnth so 3 years is a comfortable term

Probably not likely with any sort of design.

@Alan Pederson You're correct and I agree, it would be nice to get some experience with purchasing properties with an agent but usually there's tutorials about this kind of stuff so once you buy 1 or 2 properties on the MLS with an agent, the buyer should be relatively comfortable with purchasing houses.

I'll have to admit they've been pretty resourceful and work at a pace that I'm overall comfortable with coming from Miami, FL. 

I would follow Jim's advice and find another way to disqualify them if you don't feel comfortable renting to them.

I am 23 living in Dayton and I am a Designer / Draftsman with an architecture degree. 

I am comfortable with managing the rentals, collecting, evicting, repairs, etc...