They are the worst tenants who will make your life absolutely miserable if they get into your unit.

Worse case each year extra saved funds for a raining or miserable day.Basically for any future unknowns~~~~~~~~~~~~~~~~~~~~~~~~~roof issues water heatersfurnace issuestenant issuesparking lot issuesplumbing issuesproperty insurance inflation ( rates )extra property tax inflation etc

They could start looking for any reason to bust you for permits and make your life miserable.

I have seen to many investors miserably fail b/c they buy dated homes with old mechanicals and they simply do not make any money on a leveraged purchase b/c their homes sit vacant and they are eaten alive in maintenance.

If by then you still don't have any bites, then by all means retire it (although still mail about 6 months later) and start a new list.For stuffing, do it once so you realize how miserable it is, then hire a local college student to do it for a cheap rate.

I would just expect it to be a miserable and expensive experience.

I have rented to some people who met all the criteria you'd think would guarantee a good tenant, but who turned out to be miserable in other ways; one was picky beyond belief, another constantly threw loud parties, etc. etc.

Saving money is for amateurs or scaredy cats , I put it right up there with losing weight......all it does is make you miserable and remind you how screwed you are all the time..:)    

At least you now know that you would rather look at other ways of investing in RE.One bad tenant can make life miserable for awhile.

@Steve Babiak  ya Texas  MS  AL GA all those areas if you don't have central air it can be pretty miserable ..I was speaking about MS  as that's were I encountered these rules...I got tired of our condenser units getting stolen and wanted to put in window units but that was a no go for the hud contracts we had