This is a pretty involved detailed question but they typically have a few metrics they lend on. 

The painter will now be having his income reported, and have to pay taxes,  like the rest of us.

What does a typical purchase price, rehab, ARV and net profit look like?

Like $83,843,640,000 worth of it in Q1 of 2016 based on them numbers.http://www.realtytrac.com/news/foreclosure-trends/q1-2016-u-s-foreclosure-market-report/

If not, report to the BRE and start the eviction process with the 3 day notice like I posted above. :)Best of luck!

Do you have the tenant pay for the report directly to SmartMove?

Investors typically market to absentee owners.  

You can ask to see their report to see what amenities the other homes in area have. 

A home that's a couple of years old should already have most of the new home kinks shaken out of it or starting to show up so inspect it well.A triplex can definitely be a money maker but unit size and parking may make a huge difference in rent.Remember the owner occupant requirement is typically only two years.Congratulations on a good start!

This is one of the typical frauds...most claim it as an "inspection" period.