However, I think I've decided that landlording may not be the best route for me.I also have a $20k retirement account from a previous employer that, even though it's gaining 7% annually, I feel could be put to better use.

Many of the vets at my local club own companies that could offer employment or even mentors/sponsors to help them stay on the right track.

Most loan officers look for 2 years full time employment and/or an associates degree in a specialized field.

It seems even having multiple 5-unit properties would not be enough revenue to keep a single person employed and still make a profit.  

Additionally, if you are employed by the company that owns them, you don't need a license.

I've collected several months worth of bank statements from both purchasers, a couple of bills (e.g. cable, phone, etc.) and am in the process of calling employers and previous landlords.

I am currently employed but will be severed from my company right before the holidays (our choice).

I am contracted to two companies and pay either $60 or $75 per dispatch, depending on the warranty vendor used.So, I only need to employ the services of someone locally to do sheetrock, painting or any other repair that's not covered in my warranty contract.I find this service to be very useful and it saves a lot of time, money and headache.Good luck with your REI activities and landlording journey.

With the development of the Reno Tahoe Industrial Complex companies that are moving here and will reach full employment in the next 3 year are Tesla, Switch, Apple, Amazon to name a few. 

Can the homeowner afford to reinstate - check the credit report: is he employed, have cars and other assets that could be sold to finance the payments?