Those are the hardest to overcome, because they aren't based on any kind of rational thought. 

. - Get employment references and call them - verify income - Set a ration you refuse to compromise of income to rent (typical is 3 to 1). - Get landlord references and call them - do a criminal background check - run reports on eviction history - ....then look at the credit score.

It's the same logic that goes into paying a higher p/e ration on stocks that have higher earnings growth. 

You argue...you will lose every time2 - Rationalization is the most expenssive wordin the REI vocabulary...so stop using it.

People have to live somewhere and the reasons given for “a new hip gentrifying area” is in reality often just a rationalization for finding an local and affordable spot

Karla Parraga I’m not a lawyer or a CPA but it’s sounds like a small rationalization for mortgage fraud.

I continue to rationalize pulling the trigger to myself because of the area that this property is and should be relatively safe for that fact.

That has been explained above.What can be misleading is when you try to rationalize a better ROI if you have no debt.  

Your leads sounds just like buying a name list (from any other source).I Know government is crazy just now, but I was holding out for the rationality of Free Enterprise (oh what a dreamer hey).I can't believe there's one sentence anywhere on such a prohibition. 

Cap rate has no significance after closing.CoC is a ration of the cash flow on the funds raised.