I would think in at least some of the markets your area that is a fairly common way of finding tenants. 

The next best option is to use some common space and install them there where they are shared.

They don't think about pets, their affect on common areas shared with other tenants, and the landlord's responsibility to provide safe common areas. 

You will likely hear far more issues about her health once they're in, and more demands for repairs, improvements, rent reductions, etc.

He rents/rented a room off my home that has its own entrance (so no common access to my part).

Is the name a common name?

It is very common to get in homes in decent suburbs under 50k and rent for $850-950 without any problems finding good tenants. 100k homes will reach you into the $1200-1400/month that will get you even better tenants.

We're talking 7 figures loans so I'd like to hand over something that looks professional, contains all the information someone like you would expect to see and even what format.If you could share what was included in the best one you saw or what's the most common thing investors forget to include that would be very helpful. 

Be careful not to make the common mistake of thinking that just because you find a good deal that investors will invest in it, lenders will make you a loan, and the seller will choose your offer.

However, it's a market that we're comfortable with, great schools, and high-quality long-term renters are common.