Hello @Mark Gruetzmacher  ,In addition to @Kevin Miles links, I recommend to read blog post Tenant Screening: The Ultimate Guide by Brandon Turner.

I don't see any issues with what you state in the post, here is what the fannie mae guide states regarding your question."

Be sure to read through The Ultimate Beginner's Guide to Real Estate Investing to help you get started.Also -be sure to setup some keyword alerts - especially for "Minneapolis" so you can jump into local conversations.See you around the forums!

Time to build the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Two Great reads, I bought both J.

Here are a few recommendations for you:Find and connect with other BP members that are in your area:http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you:http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts:http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select that person below.

Be sure to read through The Ultimate Beginner's Guide to Real Estate Investing to help you get started.Also - here's a couple articles you might enjoy:The 21 Best Real Estate Investing Books Ever How to Rent Your House: The Definitive Step by Step GuideHow to Be a Landlord: Ten Tips for SuccessFinally -be sure to setup some keyword alerts - especially for "Surprise" so you can jump into local conversations.See you around the forums!

If you haven't yet, be sure to check out the The Ultimate Beginner's Guide to Real Estate Investing and The BiggerPockets Podcast.

I would recommend checking out both The Ultimate Beginner's Guide to Real Estate Investing and listening to The BiggerPockets Podcast.

Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Hey all,I was referred to this site from a friend who does out of state REI.I downloaded the beginner's guide and is very excited to start REI myself.