I recommend you refer back to the lease.

@Stuart Hoffman I have great references of lenders I have worked with in the past here in the Dayton area.

After doing some research I found that while they said they were rent friendly, they were referring to LTR subject to approval by the community board.

You are welcome to pm me and I refer you a couple. 

I think you need to consider  what @Garratt Brannock asked - types of props and what returns are you interested in, which refers more to the rent income vs. just appreciation. 

I'm going to refer back to the questions you asked in your post but I have to warn you that you may not like my answers. 

you will need to have a set of criteria you apply to all applicanants, for example (and just a number here) credit score above xyx, job held for over 2 years, 3 references, employment verification etc, income at least 3xrent  what is your criteria for your area and the value of the house you are trying to protect.Let them mow the grass, but if this is a nice home in a nice class B or class A you might want to service the lawn and put down weed preventer, etc when appropriate. 

It was probably in my former investment experience... that pesky $90k I spent on those awful law school classes... what a tragic waste of time... ...you know... unless they then allowed me to properly analyze rulings, understand the legal process, and be able to say with near 100% certainly, that the mandates you're clearly referring to, shall be federal law soon enough. 

Can anyone refer me to resource where I can get a MI purchase agreement that can be sent and e-singed?  

But then again I don't know what market you are referring to and your contract law.