My mom pays rent in the house that she lives in.We got preapproved, but I'm worried that the underwriter is going to want proof of rent. 

Take calls, collect rents and boss (xxx) around a little when I need him to do some maintenance work!

As an example, if you want too long of a due diligence period, aren't willing to provide much non-refundable money, don't have proof of funds, and are not closing quickly, you are not competitive.

.), else it can be considered as benefiting one over the other.Income has to be divided up-front, i.e. cannot be deposited in one account and then split from there (this is where a property manager will help as the rent can be collected by them on behalf of the owners).Not familiar with a custodian form 490T, would you please elaborate?

Have them provide you a currently-dated proof of insurance.

The best thing is to tenant proof your property, which means remove all the things they can easily break.

Okay...okay...yes I'm seeking the silver bullet...but that aside I would appreciate your collective insights!  

it is a section 8 so i won't collect full rent from her.

I need to get some form of "proof of funds" letter together.

Although I plan on subbing out the PM to a local guy up in Cleveland, the company I work for has direct flights daily, so getting to and from wouldn't be an issue.So the question I have is this; would it be better to use the money in the account to purchase a SFR outright and collect the cashflow, building up enough capital to purchase another then another house, or would it be a better idea to leverage out that money and pick up a couple of units (or maybe even a quad or two?)