I would think the city would want to try to accommodate potential buyers so that could sell their pink elephants.

More than likely, you don't have a complete HVAC, old wiring, you have old windows, a bathroom which is lime green, baby powder blue, or pink, linoleum floors, and a cobbled together kitchen, and a weird garage conversion.

., called "Failure to Pay Rent" notices or "pink slips" in some jurisdictions).

They can paint it pink,  start a puppy farm in the master bedroom, and completely destroy the home because they essentially own it at this point. 

Kyle Penland and Joe Baron thanks for the advice.

I'd really like to put up signs in neon pink, orange and green.

You can type note investing in the search bar on this site and it will give you some great stuff to read.

All that will end up happening is that landlords will raise the bar on credit scores and income and raise the rents as well.

Raised the bar on the next deal and hit $1.3m.  

Heck, I was tickled pink when I bought my primary residence and was impressed at that. :-)But if you have limited capital available to you, then I think your best for getting to 3k in net profit is through sfh rentals.