NEWBIE!! NEED HELP WITH MY NEW INVESTMENT!!

[Charlie Moore]

PLEASE, Only Comment If you own a URBAN Property and can relate to my current stress and struggles with it. 

I will be closing on my next home tomorrow, i am excited......

I want to get feedback and advice on how to do qualifications and tenant background checks.

I own a property in a bad neighborhood in Norfolk Virginia, I guess it can called C "Class" Or Some might say it is "D" class... Either way, the neighborhood is rough and i feel as if it was a GREAT buy but i dont know how to do the proper application process. My last property i did  an open house showing and accepted and processed 12 applications. i found 2 good ones.... 

How Can i Find Good tenants? More applications, the better chance i find someone good? Correct? 

Do you do open house showings and let anyone apply?

Should i charge 20 or 30 for the application fee? I Do The vetting all by myself with online sources, it takes hours.....

Is it wrong to let multiple people apply, even though only one can be accepted? 

What is your process? Does it work?

Do you ever judge based off of their personality or the way they carry themselves during the showing?

[Sejj Jackson]

@Charlie Moore Use a property management company when dealing with C or D list properties.