Credit score is 815, never missed a payment. 

I want to send a notice introducing us as the new owners and giving them notice that in order to renew their lease they first must consent to a criminal, credit, and eviction screening under our new minimum qualifications/new lease terms for all persons over the age of 18 that live in the home and also inform them that rent will be increasing November giving them the chance to stay if they want  and meet our rental qualifications or decide if it's best for them to move.I want to know does this seem reasonable and if there are some things I should consider before moving forward with this plan?

I spoke to a credit union and they said 25% down and approx 10% in reserve as a liquid asset (saving or CD).

Also, your credit history, the claim history of that property, your own credit history could potentially negatively affect the rates (also could be positive factors).  

@Al Williamson @Duane Gunkler @Jaysen Medhurst Early on I felt very uncertain with this tenant, but after an application, credit report and talking with her in person I decided to go for it. 

Is that true for all banks or is this just with Navy Federal Credit Union? 

If you damage the seats - they will charge your credit card..Second: I prefer not to be the guy who fixes a clogged toilet (or clean up dog poop).

I will provide a packet as I would a bank to show my income and credit which is very very strong.  

Hi @Tyson Thomas to piggyback on @Mike Day's comment, definitely reach out to all of the banks in your surrounding area (large, medium, small, credit unions, etc.).

I'm also in Bettendorf and run an accounting firm that specializes in Real Estate consulting and compliance and also a property management company that specializes in single family and small multi-family properties.