If you accept applicants with no social security number or the ability to read and understand a lease agreement, then you shouldn't require a social security number from anyone.Two thoughts:1.

I had the ability to invest anywhere in the Metro Detroit area I desired.I intentionally chose Detroit because I was certain it would outstrip the suburbs in terms of appreciation, and it blows aways the suburbs when it comes to cash flow.I've been dead right on that for the last 5 years, and I don't see the trend changing any time soon.

Foreclosure usually happens because of death, illness, job loss or divorce and cripples the homeowner's ability to make mortgage payments.

If you're confident in your abilities and have the necessary time and resources, taking on the role of your own GC can be highly rewarding. 

Home probably worth $50k… also check borrower credit and ability to repay.5.

Ability to market the property5.

I have a full time job which gives me the ability to save enough to buy 1-2 properties per year by putting 20-25% down.

Greg, if you have the time and ability to do this yourself you will put a lot more money in your pocket each month.  

Yes, as I said, no savings (or saving ability).

We are new to the idea of a rental and trying to gauge our ability to execute on it.