also important to clarify that it’s verifiable income, usually meaning some sort of salary.If someone shows you a bank statement with a bunch of cash or claims to be self employed making 500k a year but wants to live in your 750 a month rental obviously you should be skeptical.  

They (the judge) usually assigns a trial attorney to the property, and since they are always doing trial stuff and in court the real estate stuff is way down on their list of to do's.

And what would those terms usually look like?

They'll ask you how many deals you've done in the past 2-3 years.If you have no experience, then you can usually find 12% and 3pts for a 1-yr loan financing 90% of purchase price and rehab. 

Usually what are the conditions for rent loss coverage to kick in? 

It's usually in the first few days.

Experiential type tenants where people don't usually go online to do something are the main focus.

what side of town do you usually do business on? 

I usually run my math by running what if scenarios of a 10 or 30% decline in rent and my ability to sustain in an environment.

If a tenant 'disappears', it's usually because of financial issues and that they have already been served disconnect notices by the utility company and once power and heat get turned off, they figure that the game is over and move out, leaving a mess and broken pipes behind (especially in the freezing winter temps).