Every process, procedure and methodology has to be fully fleshed out and cut-n-paste or they wander around in the wilderness accomplishing nothing. 

These cases having a way of going sideways and new owner (you) can inadvertently step on legal land mines or fail to follow some obscure procedural rule of court, resulting in delays or much worse situation.If your reason for attempting to do this yourself is curiosity, merely ask questions to your attorney.

I am seeing corrections officers, maids, dental hygenist, retired vets...I mean, good income earning professions are filling out my rental applications.

The owner has a tenant who is using the property as a dental office but he hasn’t paid in almost 5 years.

@Tamika Rue, while people at the courthouse might know their internal rules and procedures, they do not know the law.

Every little detail from finding it, to the rehab procedures and acquiring the GC, the financing and refi and where it stands currently from each one's rent to any obstacles you have while owning it today. 

A single tenant investment grade BBB-  or better the odds of default are very low and passive.If you had Aspen Dental, T-mobile, Starbucks 3 topper with corporate guarantee and 10% increase every 5 years then different ballgame then mom and pop tenants.It's all in the details that makes the difference which way you might go.STNL credit tends to sell at lower cap rate also with longer term leases.

Yes, it depends on your state procedures.

Is it a standard procedure to ask for 2 bank statements and 2 pay stubs.

Eldred.Not so much as a cover to cover read but as a point of reference for Real Estate terms and procedures.