Cash Flow/ Tenant questions

[Derek McGillicuddy]

Looking for some advice from fellow BP er's. I bought my first rental looking to see what cash flow should be on a single family home. Put down (25 percent) on 89k for the investment property. Id prefer to have someone in my rental that I know from the town but would have to sacrifice on cash flow( maybe 100-125 mo), living in a blue collar town its tough to get top dollar rents. Is it worth renting to someone you personally know vs vetting someone you dont know? I know there is tons of variables just looking to see some peoples thoughts. If i could rent it tomorrow for $775 to a local vs $900 and have to wait and find a tenant. Whats everyones thoughts?

Thanks,

Derek