.-1- Hurlburt Air Force Base, Okaloosa County, FLAvg Price - $322,000Loan Limit1 Unit - $370,3002 Unit - $474,0503 Unit - $573,0004 Unit - $712,100Colleges & Universities NearbyUniversity of FloridaOkaloosa Technical CollegeUniversity of West FloridaTroy State University-Florida RegionNorthwest Florida State CollegeSilver Sands School -2- Fort Bragg Air Force Base, Cumberland County, NC Avg Price - $165,000Loan Limit1 Unit - $314,8272 Unit - $403,1253 Unit - $487,2504 Unit - $605,525Colleges & Universities Nearby Methodist UniversityFayetteville State UniversityFayetteville Technical Community CollegeTroy UniversityShaw UniversityUniversity of PhoenixGrace College of DivinityCampbell University-3- Cannon Air Force Base, Curry County, NM Avg Price - $160,000Loan Limit1 Unit - $314,8272 Unit - $403,1253 Unit - $487,2504 Unit - $605,525Colleges & Universities Nearby Eastern New Mexico UniversityClovis Community CollegeNew Mexico State UniversityMesalands Community CollegeEmbry-Riddle Aeronautical UniversityWayland Baptist UniversityWayland Baptist University-4- Beale Air Force Base, Yuba County, CA (expensive)Avg Price - $282,000Loan Limit1 Unit - $324,3002 Unit - $415,1503 Unit - $501,8004 Unit - $623,650Colleges & Universities Nearby California State University - ChicoSierra CollegeYuba CollegeWilliam Jessup UniversityBrandman UniversityButte-Glenn Community College DistrictCambridge Junior CollegeBrandman University-5- Hickam Air Force Base, Honolulu County, HI (expensive)Avg Price - $565,000Loan Limit1 Unit - $721,0502 Unit - $923,0503 Unit - $1,115,8004 Unit - $1,386,650Colleges & Universities Nearby Brigham Young University-HawaiiUniversity of Hawaiʻi - West OʻahuHawaii Pacific University - Hawaii Loa CampusUniversity of Hawaii at MānoaLeeward Community CollegeUniversity of Phoenix Hawaii CampusHawaii Tokai International CollegeWayland Baptist UniversityWindward Community CollegeHonolulu Community College-6- Langley Air Force Base, Fairfax County, VA (not interested)Avg Price - $768,000Loan Limit1 Unit - $726,5252 Unit - $930,3003 Unit - $1,124,4754 Unit - $1,397,400Colleges & Universities Nearby George Mason UniversityVirginia International UniversityGlobe GMUStratford UniversitySanford-Brown CollegeUniversity of North AmericaNorthern Virginia Community CollegeMy Advice: At first glance it appears that all 6 areas would be great for rentals becuase of the high concentration of colleges.

It is a crime and doing so warrants very serious criminal charges being brought against you on federal, state, and/or local levels.

It offers background, criminal, employment, credit, previous addresses and known aliases.  

I recommend analyzing the Internal Rate of Return (IRR), which takes into account all the ways a property can make money over time, how long you plan to own it, and compares it to other potential investments.There's a lot on BP about IRR.Cashflow positive isn't a must in every deal, as long as it fits your investing strategy.

The girlfriend has enough income herself to qualify by herself and has no criminal history.

It is liveable, and we have a friend who will be living in it to basically babysit it, so local criminals don't target it.

Read up on that criminal P.O.S. .

With a strong international population and skyrocketing high-ask rent prices, the area has a permanent spot at the top of the most desirable commercial real estate markets list in the US.

Criminal fines and judgments aren't dismissed by bankruptcy.Is it worth it to take shortcuts for a few dollars?

I primarily want to verify identity and criminal history.Since I can't run an application on the company, I usually charge a higher deposit of double or triple the rent or I will ask them to pay first, last, and deposit.I also try to negotiate a cleaning fee and use my professional cleaner after vacating.