There are extenuating circumstances where a person can have lost a job, had a loss of a business, medical issues, or divorce. 

Here are the reasons why investing in Orange County makes sense: One of the lowest unemployment rates in the nation, A broad based economy, High demand for housing, Perfect year round weather.High median incomesWell educated workforceAbundant opportunities for higher educationFirst class medical facilitiesAmusement parks, recreational opportunities, sports teams and so much more!

I work as a medic and have actually been inside literally thousands of Round Rock houses running 911 calls so I can tell you almost to the exact street where you want to be and not...Also as far as appreciation goes.

Here is a breakdown of the demographic:55-70    75%70-80+ 10%<21-40 10%40-55   5%The biggest group was there due to lack of funds for retirement or had a major setback, issue or family medical concern and needed to make quick money.

Some wiggle room for medical bills.  

There is a large hospital in the area & I hope to rent to medical residents. 

I do look for judgments and evictions of course, however I don't look at school loans or medical bills.You are correct, you NEVER know how a tenant is going to be until they move in.

Would it be alright to ask tenants to either smoke recreationally only in the back yard unless they are using a vaporizer [or have a medical problem that would make going outside to medicate difficult]?

Same way you don't necessarily mind bankruptcy as a result of healthcare/medical expenses.

, I was medically discharged from the military.