Be thankful they are taking this step on their own to ensure they don't get behind and stick you with unpaid rent.I'm sure how much they may be approved for varies on a case-by-case basis, but I have tenants who have paid the full rent for multiple months through COVID rental assistance.Your role is limited, and in my personal experience requires just a bit of information on the balance due and a signature.

I've purchased two properties personally utilizing seller financing and represented at least a handful of buyers acquire properties with private mortgages over the past five years including friends and family members.

Tennessee doesn’t have personal income tax but if we create an LLC we would have to pay state income tax.

That lines up with some properties I've been watching in the $400k range that had to cut $40k or more off list to get under contract. 

Something I keep in mind when researching on YouTube is finding someone the most similar to myself in regard to personality, so that when you viewe their videos, you could see myself easily applying the information.

While I am a licensed agent but I do not focus on MLS deals.I've been personally investing in Detroit since 2019 and have 12-doors there now.

You have to get the person face to face.Creative deals are negotiated. 

Watch how fast they accommodate you.

It all depends, this is why I always review potential client's books what is the best course of action.I personally do not like QBO for real estate (I make it clear in all my posts lol) I just renewed my certification just because most people can't afford the PM software with accounting such as AppFolio and Yardi.

Quote from @Russell Brazil: In the future, do a court records search at https://casesearch.courts.state.md.us/casesearch/If you had done that, you would have seen they have 8 failure to pay rent cases against them.I am curious Who did the initial check on this person?