Many buyers prefer a fenced yard especially if they have young children and pets.  

You might look at all convictions case by case and ask questions to determine their eligibility (each state may or may not have laws regarding criminal discrimination).Pets: NO DOGS (unless they are service dogs) PERIOD!

I'm starting to wonder if there isn't a market here like there is for renting to pets.

(unauthorized pets, evictions, slow pay tenants,etc.)and a myriad of other questions...Experience is the number one indicator of success.

@Jim Cran @Eric P. et al.This thread may be of some help on mitigating self employment taxes.https://www.biggerpockets.com/forums/67/topics/144...

I prefer no pets, but most prospective tenants have some sort of pet in my experience.  

Pro is that people with pets and children will love that yard!

That being said, as a flooring professional, I wouldn't have carpet anywhere in a rental other than a bedroom and only if there's no pets or smoking.

Fire alarm, running toilet, broken windows, furnace filters, lose or rotted boards, filthy tenants, unwanted pets..... the list goes on. 

I guess one option is to do my best to get rid of the odor but if it still lingers after all the work is complete I could just re-rent it to pet owners.