PITI is $2549 (so cash flow is outstanding). 

Dutch interest means they charge interest on the full committed amount (150k) from day 1, simple interest is only charging interest on the outstanding balance, so as the borrower takes rehab draws, their balance and interest would increase.

As part of my actually screening process, I look for any evictions, and if there was outstanding balances. 

Beautiful rental on a quiet street, outstanding buy and hold property.

I like the North Jefferson County area: Gardendale, Morris, Mount Olive, and a quiet (but outstanding place) Corner. 

Calculate the population change for different age ranges using the population age data for the most current year and the five previous yearsThe increase or decrease of the proportion of people in specific age ranges will dictate the property types that will be in the most demand.Job DiversityCensus.gov under the “Selected Economic Characteristics” tableDetermine whether a specific industry is responsible for a large percentage of jobs or not.Best Case:A market with outstanding job diversity will have no single industry that employs more than 25% of the employed population20% is e even betterDecent Case:If one single industry does employ more than 25% of the employed population, it’s one you trust the future of.This is determined by:Looking at the top employers or businesses and your research (talking to locals, reading local articles)Top Employers and BusinessesFind this information by Googling “CITY NAME + TOP EMPLOYERS)Determine the top 10 employers in the marketIf a certain industry is dominant in a market, analyzing the top employers and businesses allows you to determine whether the majority of those jobs are provided by one or two companies, or whether the risk is spread across multiple companies.This will allow you to track any developments within that company (are they creating a new facility, or cutting jobs?)

Absolutely outstanding. 

All payments made by Tenant to Landlordafter the tenancy commences, no matter how designated by Tenant, will beapplied as follows: first, to any outstanding amounts due for damages/repairs,utilities etc.; second, to any outstanding service charges and fees from priormonths; third, to any rent outstanding from prior months; fourth, to anyservice charges or fees due in the current month; and lastly to the currentmonth’s rent."

Our policies are well documented and they would have been explained to the tenant, and an acknowledgement signed, when the lease was executed.1) Rent is due on, or before, the first of the month;2) If any balance remains outstanding as of 17:00 local time on the 4th of the month, a late fee of $50.00 is assessed (for a first offence).  

But this is what I look for my tenants:1) Gross income 3 times the monthly rent2) No eviction in last 7 years3) No serious criminal record in last 7 years (parking tickets etc are okay)4) I review their credit report to see if they have outstanding utility bills or any other house related bills5) No rent related judgment against them6) Limit of maximum number of people in a unit7) No pets