Now if your main goal and consideration is simply cash flow than analyze both types of properties and see what produces more per month.

Second, how likely is it you'll be able to actually collect has to be taken into consideration. 

If that’s the case, it doesn’t appear you even take criminal records into consideration in your criteria.

Investors usually withhold 20-25 percent of rent for expenses(repair, management, etc) when this expense is taken into consideration, with current rent, you are negative cash flow.

I just cash out refinanced my rental in Auburn Al and they also took my renter history and lease into consideration, but if you are going to live there, that income should just help your debt/income ratio.

With no consideration, the contract could be just considered void.

Of course other things went into consideration, such as how fast they got back to me.

@Jason Hirko it only says ", consideration: in exchange for this right, grantee has paid grantor $10,000 and other valuable consideration.

You may also want to take into considerations working with a Property Management company as they will take care of everything for you.

All I can say is it's not simple and may take you considerably more time then you think.