How would you proceed in this situation if you were to pursue the rental? 

The property has been owned outright for over 70 years, has had the same tenant over 50 years (a utility company), and we are looking at taking out around 40% LTV, and the mortgage payments would be covered 2-3x by the rental income, so very stable, safe lending situation. 

We currently use Excel for rentals, and mostly Weststar for servicing seller financed loans.  

I created an LLC, and the rental address is not the name of the LLC.

We currently have a single family unit that used to belong to my wife’s grandparents that we turned into a rental. 

Hey Everyone!  I am going to manage some properties in Kauai next month and need to setup Trust Accounting at a local bank in Hawaii.  Does anyone have recommendations on banks or have a contact I can reach out to set...

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

@Bob Asad Don't fall for the trap believing you will  build a fortune off of single family rental cash flow.

I have several rentals in Ohio and only one of them is with a management company.

The other requirements in the listing such as credit score, rental history, etc would remain unchanged.