~ SFR's are not harder to rent out, if anything they are easier because the prospective tenants do not have to worry if they will like the other tenants, they have more privacy, etc. 

I will say this, however: 90% of your tenant screening is going to happen when you meet the prospective tenant, and interact with them.

@Elvis Vasquez Do not let me deter you from your dream.

Who knows what they'll damage next when maybe you could've given them cash for keys beforehand.Also, you need to pull prospective tenants' credit reports & do background checks, including calling their employer at a phone number you get from the company website.

Just never been able to get to the point of paying cash for a home to start flipping. 2nd: After talking to some different prospects, I have been directed here, I was told I can get in touch with individuals that help front the funding for flipping homes. 3rd: The Question.

As they move up the net worth ladder investors tend to want less headaches and move into higher quality assets where ongoing cash flow is a little less but long term equity growth prospects are high.There is generally not demand for low income areas except for investor buyers searching for yield to deal with a headache versus ultra high quality areas where investors will usually pay  a premium to a seller to own in an area.

Hello, I wanted to reach out to see how other independent landlords collect application fees.I manage the property from out of state, so physically being at every showing is impossible - and I don't necessarily want to tip my hand that I don't live in the immediate area to prospective applicants. 

I have a break-lease fee equal to 2 months' rent in the ones I self-manage, which actually deterred at least one tenant from leaving months early, but I will also work with them if they have been great tenants and allow me to advertise and find qualified replacements to take over when they leave.  

We tell our prospective tenant/buyers (and we always refer to them as buyers) that their "down payment" goes 100% towards their purchase of the property.  

I'm scared the price might be a big turnoff for prospective tenants.