Just the process of looking at credit reports and applications, calling references, talking to people and verifying employment/income will make you a better landlord/screener for future vacancies.  

I can also infer a few other items in later points, such as vacation destination, no sales tax, and a commuter state. b.

Yes, it's counterintuitive, but the lenders want proof you can make a payment on time consistently.They will allow your monthly mortgage payment to be about 35% of your total monthly income.

If so, sell tax free now.

That conversion will not trigger any tax.Unfortunately we can no longer eliminate all of the tax simply by converting to a new primary and living there. 

I have total access to mls, tax records, signing software, contracts, etc.

In other words I'm sure that within a year he'll be at least matching this income and still be getting the severance.If a regular mortgage is out of the question I'm thinking of other options and would love to some the BP-folk advice.1.

You've been collecting rents for 14 years but only looked into paying taxes on that money two years ago?

We can also charge another 10% increase until the occupant supplies their ID and income proof and signs a lease addendum.The smoking issue is a different story.

Do you want to be an active investor and make real estate a full-time career, or a passive investor who receives passive income?