I have documented our experiences in the investor deal Diaries forum under the name project BP.

Just thinking of a few would be conventional will give up to 30yr term (pro), pmi if less than 20% down payment (con), longer to fund (con), more documentation (con).

On the second document, the lease agreement, 3B needs either owner or broker checked off and 6A says first months rent to be split between broker and tenants broker but #7 says they also get $225 to 3 different brokers.

Sorry to break the bad news. 

just remembered a few other stuff:-the local HUD/section 8 may have classes for vendors/owners/landlords; may also have a website with all documents/criterias posted-may have excellence programs-inspection: will be more through if children, especially under 6 are in the house.

They provide me with copies of the relevant documents (deeds, liens on property etc) that is on record at the registry of deeds.

Do you require financial documentation, Tax Returns, or POF?

The tax statements will give you an indication of the revenue, which will imply occupancy and collections.I include something in the contract that the Seller will provide reasonable documentation to support financing of the deal and that is a contingency to close.

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This confirms the meters are already separated on the property and the owner isn't paying all utilities, which is better news.