The prospective tenant (PT) just moved to the US so has not established a credit history.

I hope your fist experience is a positive one and try to establish a win/ win situation at closing and don't forget to do everything by the book.

Pop here and introduce yourself https://www.biggerpockets.com/forums/86/topics/308... .I find this forum much more helpful than PropertyTalk due to everyone not trying to put people down all the time like they seem to over there, but that is currently a lot more established and localised at the moment.I am down in Otago, Dunedin so if you need any help give me a shout.

Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control.

Once you have established enough relationships with experienced investors you know who you want to work with.

In my view I'd be providing both a lower cost housing option, establishing monthly cash flow through the lot rent, and setting the stage for long term cash flow through home ownership for the participants rather than renting.I'd love for any of you to point out blind spots, give me things to think about, etc.I know the owner-carry issue would require careful navigation of the SAFE act stuff, which I know only a little about.

I agree, if anybody speculate in stocks long term thats gambling, Eliminating both fundamental and technical analysis and create cover calls generate cash flow.

This is from the State of Florida website:Needs a LicenseDoes not need a LicenseAppraising or attempts to appraise real property for another for compensation excludes services that must be performed by a Licensed or Certified Appraiser under Chapter 475, Part II, Florida Statutes.A salaried employee of an owner of an apartment community working in an onsite rental office.Auctioning or attempts to auction real property of another for compensation.The owner of a timeshare period who later offers the timeshare period for resale.Selling or attempts to sell real property of another for compensation.Any person or business entity that rents or advertises for rent a public lodging establishment properly licensed in Chapter 509.241, Florida Statutes.Buying or attempts to buy real property of another for compensation.A tenant in an apartment complex who receives a referral or finders fee, not to exceed $50, for the referral of a tenant.

If you ask @Jerryll Noorden, it is all about the relationship, and establishing trust.  

As far as gambling goes, I'd like to put myself in position to benefit from continually increasing rents, and not put myself on the other side of the table.