The lender is also offering a “6-month lender streamline” where, after six on-time payments, they claim they can lower the rate by 0.5% with no fees, no appraisal, and no income/credit check.

My understanding is that the tests check for lead at any depth. 

Check stubs, Account statements (showing deposits), and any tax documents would be best for proof of income.I haven't heard of anyone accepting a tenant based on written statements from financial advisors, I don't think this would be sufficient.

What I typically see from tapes via email or Paperstac are notes that don’t check most of the boxes I’m looking for, such as seasoning, decent property (not falling apart), interest rate, ITV, consistent payment history, non-judicial state, etc.

But as Michael mentioned, you'll definitely want to check with your CPA, or a CPA specializing in real estate, to make sure you're taking advantage of everything you can from a tax perspective.

Check your full monthly payment with 20% down.Run the full PITI, mortgage, taxes, insurance, utilities, maintenance, and a vacancy reserve.

- Check with city & county for their requirements. - If you test beyond government requirements, you open yourself up for more liability!

Activities That Count Towards Hours Time spent on the following activities generally counts toward material participation hours: • Collecting rent • Advertising and marketing the property • Screening tenants and guests • Negotiating lease/rental agreements • Performing or supervising repairs and maintenance • Bookkeeping and legal compliance • Guest check-ins/check-outs and communication [18]  Importance of Documentation The IRS heavily scrutinizes material participation, so it is vital to keep meticulous, contemporaneous logs of your time and activities. 

Also check LoopNet and Crexi for multifamily listings.Before committing to an agent, talk with several local ones to get a feel for the market.

This is one thing that is easier for tacking each month, easier for you so you don't have to pickup a check or wait for it in the mail, and it saves you time for putting in the effort on doing more like going to get more deals.Also, we always vet tenants with one requirement being they need to have 3x the rent in their bank account.