Anybody can apply and put false information on the rental application.

Originally posted by @Max Tanenbaum:There isn't much you can do because of the "familial status" part of fair housing....In this particular case, that's rubbish and not applicable.

Quicken Loans, based in Detroit, has an investor product, easy online application. 

If only the note, for example to extend the maturity date and nothing else, then this would not generally get recorded.If anything changes the Deed of Trust, which would have been originally recorded, then any applicable modification should also be recorded.

@Bryan OttesonYou win the prize for easy and applicable advice.

Of course there is a minimum credit score for the applicant but it sound to me too good to be true.

My applicants often say "Finally!

I recently discovered that Family members can be a cosigner on an FHA loan to help an applicant get approved.

They must qualify with the same criteria that is used on the original applicant. 

I would much rather have a flood of applications and be super picky about my tenants than find some place that may be physically closer to me, but have to deal with vacancies, and/or shady tenants.