I'd first digest what @Dan Beaulieu said. 

Many tenants will clean up after their pets, but in my experience, often times they will leave a good amount of previously digested pet food on the ground - hopefully outside.You are right - it is a risk, and like i said, if you don't take that risk, you really limit your potential renter pool.Often times these repairs are minor like scratches on the door or chewed baseboards, but without the animal those scratches and the expenses wouldn't be there.  

It made the laws and purpose of being an agent far easier to digest.

Hey All, Newer member here, but have digested hours and hours material on this fantastic site. 

No, the 5% down is only for low to moderate income tracts. 

So technically speaking unless you invest via an LLC your accountant should have around three weeks to "digest" all of your K-1's.My very best!

thanks, lots of data to digest in the report, lol.

Develop tract lots to sale.  

The average rent to price ratio for the entire municipality is hovering at 0.67% and has been steadily rising for the past few years.I would focus my search efforts on the western side of town if you are looking to maximize cash flow, just be carful about not investing in a part of town that is considered high risk.Map below should rent to price ratios for census tracts in Birmingham.

I then associated each parcel with a census tract to get the census reported median gross rent for each property.