It's not required in my state as far as I know (NC). 

We require any income verification.

They can provide local insights, advice on market conditions, rental regulations, and help analyze the investment potential.Remember, making informed investment decisions requires your careful analysis and due diligence.

However, I do require 100% payment by the due date, or it is 100% late, and all tenants are 100% responsible.

Get a pest control company out & make sure they are licensed, otherwise, the city won't back downIf you attempt to kick them out now, you are likely to look retaliatory, which is always a problem.Tackle the issues and be more active on site for the balance of their tenancy; the more they see you, the fewer problems you are likely to have.

Remember that real estate investing is a continuous learning process that requires adaptability and perseverance.

While initially enthusiastic about the potential of the property, upon inspection, I found myself overwhelmed by the extent of work required for its rehabilitation.As a beginner in this field, I must admit that I feel ill-equipped to accurately assess the necessary renovations and calculate the total cost of rehabilitation.

The HELOC will eventually require you to amortize most of the time.

Occasionally we see places listed that need 4 Wheel Drive to access or require climbing a lot of stairs to reach the front door.

Not a fan of just basing it off rent, while that is a good gauge, it can be way off - just like cap rate can be on a MF building - good indicator but a lot more research and analysis is required.