@Wayne Brooks  Spot on Wayne at least in areas I work..1. title Is alienated lender at their sole discretion may accelerate all sums due.. that's standard verbiage 2. don't believe you can force them take accept payments never seen that.

So personally I would advice to build some new memories at your new spot. 3) Talk with the tenant as much as you can to understand her/his personality and what they will be like.

Spot on @Doug Pretorius

Sweet spot - 3 beds, 1 - 1.5 baths, 1100 square feet, purchase price $60K that will rent for $1200/month.

We never even thought we would have to replace the floors (there are multiple spots with deep gouges and what looks like carvings down into the exposed unstained wood underneath the top layer. 

@Jose Pena, @Ned Carey is spot on with his post.  

Once a tenant has all of their junk in there, well, that is more hiding spots for them and a more expensive treatment.

The sweet spot for my mortgage guy is 70k.

My main concern is how to truly spot a deal.

@Jacob Kravitz is spot on: "[Ramsey's] methodology is helpful to people who have a lot of consumer debt (credit cards, personal loans, etc), but not all that applicable to real estate investors".