They also file all the documents (deed, mortgage, etc) with the county.

My insurance company charges a lot more if the the home is older and does not have documented updates to the electrical and mechanical systems. 

part 2, step B: color code said documents"

I have the cash ready to buy and want to make things happen quick.My question is, what info can I legally request from the seller before submitting an offer (ex. copies of current lease, etc.)?

That's a document that says the contractor accepts full payment and releases any liens that have been or might be filed against the property. 

in WI we dont need them other than for Deed Prep generally, but legally in WI I can prepare a deed as a Broker if i want the liability.   

First I find out from the city who is legally informed.

I just can't believe this is even legal.

There aren't many renters in the area, and while we all know many great renters that would give you the shirt off their backs, there is a negative stereotype about renters that exists.While there is nothing they can do legally, I like my neighbors, want to have a good relationship with them (they have my number, and would likely text me if the renters are causing havoc, for both their benefit and mine).Have any of you experienced this, or have any tips on how to "break" the news?

Rental Income (continued) Note:A percentage greater than 75 percent may be used if the basis for such percentage is adequately documented.