We all know the type of landlords that dont screen tenants, they're horrible and usually dont take care of their properties.

But as with students who do horrible things to property so do families as I recently experienced with a now former tenant family.

Horrible people 

Nothing in the report sounds horrible.

However in my area which truly is horrible, about 75% of tenants go through about 4 - 5 jobs a year, own NO assets and dont pay taxes or care about things like garnishments or judgements.

Horrible idea for many reasons...1) Without a decent down payment ~20%, it's very unlikely you'll cashflow after all expenses 2) Sounds like this would be a highly leveraged property - high leverage when rates are high is a dangerous game to play.

So a deal that look great to one investor will look horrible to another and vice versa.

Unfortunately, I have dealt with them and know firsthand their horrible reputation.   

Most are horrible. 

I’m tired of being poor I can’t live like this for the rest of my life working a 9-5, 2 week vacation a year, horrible pay, all for 60 years of your life.