Is there a farm or a plant nearby known to blanket the area with undesirable odors?

For balanced cash flow and appreciation, the basic characteristics we use include:• Single family• Two+ garage• Three+ bedrooms• Two+ baths• Within a minimum and maximum lot size• Built after specific year• Average time to rent below 20 days• One or two levels• Association fees below a specific amountWe eliminate from considerations most properties based on a number of negative characteristics (we have about 50 such "negative" characteristics) including:• Known bad floor plans• Subdivisions with rent restrictions• Known undesirable subdivisions• Properties with traffic or access issues• Properties with excessive drive times• Master bedroom too small• Ratio of lot size to the home's foot print• Tandem garages• Close to nuisancesFor high cash flow properties (usually class B or C) the requirements are quite different and these are usually town homes, condos and occasionally older small single family homes.

Some of those areas can also attract undesirable tenants.If you are looking for appreciation then cities such as University Heights/lower Cleveland Heights and Beachwood have been growing at great rates.

In your case I'd be spending less time calculating the ROI on 1k in rent for a $35k investment & more of my time wondering why it's possible that the house I bought is so undesirable that I was able to purchase it for $5k.  

Used in conjunction with a no pet policy prominently noted in advertising, on application, and in the Rental Agreement you should be able to minimize undesirable situations.

I will post a follow up on how things worked out for me, but I had to temporarily turn away from the NEPA market based on some undesirable experiences.

People who were undesirable at the showing are noted and are *not* encouraged to fill out an application, and if they do anyway it is duly noted.

It needed a full renovation and was very undesirable when I purchased it.

Tuxedo Park is very undesirable.

In the desire to stick to what we want (#1) and get emotional (#3), we might find ourselves with an undesirable deal.