As you explore these types of deals, part of your due diligence should be to research the local building departments to ensure the time and costs associated with re-zoning and re-entitiling the property are properly factored into your underwriting.  

.* It's a trade off, pay someone else because my time is more valuable, or do it myself with efficiency.

You could then share the proceeds with the contributors.So many opportunities to make the real estate investment lifecycle more efficient!

My companies biggest focus is providing value to both the new renters with better housing than what is currently available while ensuring our buyer's returns will allow them to keep growing outside of overpriced markets.

You can then involve a title company to ensure it is your property after the transaction.That being said, I am a simple guy and haven't ever tried anything like this. 

You’ll want to require a verifiable income of at least three times the monthly rent to ensure your tenants can continue to pay rent.

Investors will want to ensure that the areas they are investing into have low rates of crime, or are at the very least improving over time.Consumer Financial Protection Bureau: Home Mortgage Disclosure Act (HMDA)The Home Mortgage Disclosure Act (HMDA) requires many financial institutions to maintain, report, and publicly disclose loan-level information about mortgages.

Can you resign a new lease if they agree and go through credit checks and employment checks again to ensure they have at least 3 x the rent as monthly income etc.

Here’s why:1) Risk Reduction - for a typically small cost in terms of time and money you can gain a ton of context about an area and the surrounding areas that will help you to reduce the risk of getting into a poor investment2) Relationships - you can leverage your time there to meet with local market participants like property managers, brokers, other investors, contractors, potential tenants etc.3) Business expenses - you should be able to deduct the cost of the trip as a business expense4) Context / Perspective - you simply get better context and perspective by being there is personI don’t mean to say that you can’t do OK by investing remotely but I am 100% certain that you will get outsized benefits from visiting your assets periodically and definitely initially.When I invest in multifamily deals I always visit the area, the comps and the asset itself, this takes time but because we buy 100’s of units at a time it is an efficient use of time.I’d also be wary of anyone who isn’t personally invested in a deal alongside you telling you that you don’t need to visit, particularly if they get compensated by you making a transaction.Investing out of state allows us to find the best returns but don’t be mistaken into thinking that you shouldn’t plan on spending time in your target market.

From an economy of scale perspective, it's much more efficient for me to go over this stuff with a room full of accountants (I notice your title :) since typical consumers have no idea what's on their tax returns, or any of that, but the pushback you get if you're me is a) the general low-level animosity between mortgage and tax professionals and b) the notion that I'm trying to "tell them how to do their jobs," which they are not interested in.Far from it on b), I'm not qualified to tell you that at all.