If a seller wants to sell, they can find a solvent buyer.

You should be focusing on deals that you can acquire and know will remain solvent and stable through the down cycle.

I can think of dozens of justifications as to why I want to lease to a solvent, better educated tenant.

I have heard a lot of horror storiesMy objective is to find some lower price point cash flowing rentals as I feel the LA market has matured and peaked quite significantly... my idea is that if i lose 10% on a 300k property mark to market (unrealized and potentially cover the note if i have to in a worse case scenario ) its not as bad as losing 10% on a 1,000,000 property mark to market (and potentially realized due to an inability to stay solvent if it remains unrented longer than i have reserve)any feedback would be appreciated sorry if this post is in the wrong category

Some were broke like me and worked like dogs to keep financially solvent while attending school.   

I have not used the products.http://www.homedepot.com/p/Klean-Strip-1-gal-Green-Muriatic-Acid-GKGM75006/202690263http://www.menards.com/main/paint/cleaners-thinners-removers/paint-stain-cleaners/water-based/sunnyside-muriatic-acid/paint/solvents-cleaners-removers/strippers-removers/sunnyside-muriatic-acid-1-gal/You could always re-grout the joints in that area.

Or, if the prices offered for it aren't right, they can sit tight and still remain perfectly solvent collecting 4%.Think about it this way.

Medium income also makes sense, cause that probably signals how solvent your potential tenants will be.

Does they seem responsible, or at least solvent enough, based on their job, credit, public profile, team (business managers, attorneys, agents), references, etc...?

Your GC MUST understand that draws require inspection before being submitted and, and must be financially solvent enough to carry his labor and materials costs for a few weeks before getting a draw.