I understand you are back peddling because you made a mistake, but it is not fair to act like the tenant is being unreasonable. 

@Brandon Yuan its a fair question. 

I've done a fair amount of background reading on the topic, but am looking for a lawyer with experience structuring real estate equity/debt deals to help me draft operating agreements and promissory notes as well as provide some guidance on my Private Capital strategy.Thanks in advance for the recommendations!

Granted, that's a big increase but it sounds like you're being more than fair given the cost of the comparable properties. 

I think it's fair to both sides.

Your market might vary.Here's a guide you can use to gauge what other properties in your market are renting for: How to Determine Fair Market Rent

I am looking for information re screening applicants as it applies to the Fair Credit Reporting Act. 

Great work at a fair price, and if you are newer (as I was), he gives you good guidance on what makes sense. 

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff. 6.

Financially, I am fairly stable with strong credit (730+), and working a entry level tech recruiting job allowing me to save roughly a quarter of my salary after bills, entertainment, and etc.