As an investor here myself, I can tell you we're seeing solid rental demand here thanks to the strong job market and major employers developing here. 

There's so many catalysts for population and job growth (Intel, Honda, Amazon, Nationwide Hospital, etc).

This is why it's so important for owners to do a better job of screening PMCs than screening tenants!

Its got to be better than sitting at a job. 

Fixing up a property and turning it into student housing is a smart move—steady demand and solid rental income.Great job!

I think I can do a good enough job of listing it. 

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Also, magistrates don't even have to be lawyers to get the job!

But around here some of the screening services that claim to do background checks do a lousy job of it.

By a professional estimate I mean having a contractor bid the work, not just me estimating the jobs.