They are: verifiable income of $4,650 per month, good reference for previous housing history, pass a credit check, a clean criminal record, and no previous evictions.

@Eamonn McElroy - okay, I'll have my CPA translate that for me ;-)Our rental portfolio is definitley run and set up as a business and would pass a bright line test.We will definitley will be running different entity scenarios for 2019 to see which one works best in the new tax environment, but I am past the point where I understand all the nuts and bolts my CPA is talking about..

The terms you suggest will not pass a lender's underwriting criteria.

To get licensed, you need to pass a 150 question multiple choice test.

I own and run a tenant placement company in Baltimore, I let my landlord clients know what they need to pass a sx8 inspection as part of my process.Maybe you could contact a company in your area?

You sound like you're probably headed for deep and shark infested waters on an air mattress, (LOL).Land contracts are pretty well dead in the water, two issues, one is with the new laws pertaining to seller financed transactions, if you pass a lending contract on to a buyer you're facilitating a loan assumption and doing so as a business may have consequences.

Oregon has a stable law and I keep farm insurance on the properties, and even so, the horses must, just like dogs, pass a temperament interview.Every livestock guardian I've ever known would stand around at night and bark.

Thank you @Jim Adrian as our card fees are 2.95% for credit cards and 1.5% for debit cards so that can definitely add up but I see @David Dachtera point about collecting the rent by any means possible.You have to be careful as some states do not allow you to pass a "surcharge" to the tenant for using a credit card instead of paying by ACH.  

From what I've noticed as a mortgage lender, insurance premiums are at least a little lower for a block home vs a frame home even if both pass a wind mitigation inspection with flying colors.I'm just thinking long-term since I plan on holding these through retirement...

If they really cared about protecting home buyers, they should make it harder or require to pass a test, like getting your RE license.