He is willing to pull some cash out of this house to assist with some of the repairs also (so he has a mortgage to write off or tax reasons).

I listened to a long webinar for CIX Connected Investors and the software package they are selling. 

Or do you just have your real estate agent write up the contract with you specific clauses? 

the NMLS test is VERY hard to pass unless you have been writing owner occ mortgages for years and fully understand all the alphabet agencies out there.. 

The 10%+ loans appear to need either a qualifying CFL or a Broker to write the note. 

@Philippe BusqueI wouldn't mind writing a thread as you suggest but I have to make sure it's not an ad for my business, which is not allowed in the forums.The link you mentioned is interesting, even though getting financing isn't as easy as they suggest it is, especially not when it's at 70%.

About half our applicants don't have income that meets the 2-3x rent threshold, even with positions in architecture, software engineering, etc. which is an indicator that we're approaching the upper limit of what people can afford. 

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff.6.

I'm going to do a walk through on my own and write up my own SOW just so I have my own estimate as well. 

All communication with the tenant needs to be in writing; you do not want/need to engage her.