Then learn everything/become very in tuned to your target area relative to rents, condition of properties, sales prices ect as you are the only one that can make yourself successful.

Your bank statement showing your funds to close should be just fine.  

However, I can see how it would take only one really bad tenant experience, extended vacancy and/or some really expensive maintenance issues to change my tune.

All I have come across are property taxes and code violation fines which I factor into my offer.

Hope you settled in just fine.

I think with the right systems the tenant will be fine, he has been living there for just over a year.  

Although, I will say that there are markets where it works just fine???

If number of posts about there being a bubble is a contrarian indicator, then we should be just fine for now.

Retirement counts as 1099-    When I recently applied for loan for investment property , they wanted to see last years 1099, plus current RAS statement , and they were fine counting that as income .  

The bill is in my name and the expenses are charged out to the tenants based on sq footage of their unit so they are very in tuned to keeping their heat/electricity costs down.