Such as the avg persons per household. 1/1s can be profitable as well, but you have to make sure the demographic matches up to the unit mix for that area.

For income, you can consider the 3x of the rental rate “household” income and consider both tenants together, but I wouldn’t use this as justification to abbreviate your application process.

Usually at that price point you are going to be dealing with low income households and will have issues with collecting rent. 

Their reports are detailed and comprehensive including credit score, rental history, criminal record, income verification, etc.

We wrote a comprehensive review about Reonomy on our blog at KineticBridge.

There are a lot of great options out there; aside from providing the basics (ie. listing tool to get the property published to 10+ major sites, scheduling tool to schedule viewings, tenant screening with comprehensive applications which include nationwide criminal background checks + credit checks + eviction history, digital lease creation tool, rent collection tool, and maintenance tracking tool), some services also offer your tenants additional capabilities which makes it an easier sell on your end when getting them to transition over (ie. their ability to report on-time rent payments to the credit bureaus; this can create an added incentive for making sure they pay that rent on time).

The turnaround time to your first payday isn't that much faster in rentals either.That being said, rental transactions could be a valuable part of a comprehensive business growth plan. 

In our household the rental income does all the heavy lifting (covers living expenses) and her income is more like Monopoly money, and goes towards mani/pedi/massages, and crazy expensive "healthy" foods that she loves.

My 2013 was to find a new household in Washington (I had to move for my job ) that would eventually transtion to a rental; rent ou my old primary residence in Georgia, and rebuild my reserve / cash available that i used to put down a dopwn payment . 

Use a comprehensive rental agreement and hold tenants accountable.