Consider the trends, including employment and neighborhood aging.Then, learn and understand everything about the neighbors.Then, if you still consider the property to be an investment opportunity that meets your personal/business established risk and workload vs. reward standards, explore the subject property and make a list of all repairs and improvements deemed necessary to bring the property to an above average in the neighborhood - above average to better ensure an enduring investment.

I finally get him out without having to endure the entire eviction process.......

Thats relative, but what is true is tht you will have to endure a process.

I then look at the area of town to see what is the expected tenant class (which normally means the amount of headache you would have to endure) in addition to all the other expenses. 

I am almost done with my Real Estate License coursework (a nice enduring pain) and am hoping to have the test completed by June/July 2014.We do not yet own any investment properties.

She was fortunate to be stock broker for Dean Witter, made enough to pay the mortgage off in 4 years.Having considered it, we house hunted ourselves in Philly for a while, it's a choice of getting and keeping a good paying job, maintain a career path and live in a dump, or have the same good paying job, and living somewhere you rather be but enduring a long commute.

We are very happy with the deal and felt lucky bc we had to endure many let-downs but ended up with the best outcome. 

There are a number of times I would have walked away early had I not had the tolerance to endure. 

And I don't regret the process of enduring that year of complete failure.

Aside from wanting to get paid back in a timely manner, as you point out, there are several additional reasons for this.First, there is not a lender on the face of the Earth who wants the house and even fewer who want to endure a foreclosure.