Sometimes, there’s even newer construction being built right after nearby causing the home values of the existing properties to drop and rental numbers as there is always someone with better access to debt or lower acceptable margins than you.

Also, I'm curious to hear – how does renting to C class tenants modify (if at all) the criterion for accepting an applicant? 

Dad would automtically get the 500k exclusion since Mom passed away.

What tools and methods you use to screen tenants before accepting their application?

• How should I handle accepting rent payments for "extra" time?

I sincerely hope things change but if you had to ask me right now, I would accept all of my (300k) capital back if they wired it back to me tomorrow. 

I can only report from my market in Champaign, IL where we rent single family homes exclusively.

The main issue is, since I'm using VA benefits to purchase these properties, I have to live in them, and because of this, they have to meet a threshold of what my family is willing to accept.

Price: $1.2MOffer: $900kI had my agent call to see if the seller would accept this price because it's been on the market for a year.The seller's agent said the owner had rejected a $1M offer in the past, but it's been awhile so maybe and asked for a formal offer with proof of funds and pre-approval.Why?

If purchasing all cash do we just accept a smaller COC return?