You’d be shocked by how little actual screening many PMC’s do!

And consider me shocked!

Right now you have a market where existing landlords have all these properties at cheap prices where they can afford to charge less for rent than new buyers and many don't want to shock their tenants by jumping rents by $400+ in one rental cycle... so we are gradually easing those tenants upwards each year.  

But I'd be shocked if people are getting significantly better numbers in similar "regional destination" type areas. 

but, it's not going to be "profitable" for several years, depending on how you define profit.you'll have a down payment, then closing costs - which new investors always seem to be shocked by - then potentially some costs to get a property rent ready, then you'll pay a month's rent to get it listed and rented out, then you'll likely have some repairs after the tenant moves in.  

That's the beautiful part, working with just 20-odd clients can be a shocking $ volume.

When i read about how their deal was really messed up with most investor probably going to take huge loss's its not shocking.. you have to stay right on top of these and have the manpower to do it.

But if you hold max leverage for 40 years, I wouldn't be shocked if at some point you go broke.

If you do rent to this person, don't act shocked when they fall behind or don't pay at all.

This can be shocking news for many people, but your rating may not be as important as you believe.