But it is a good deal i got and i need the owner occupied status for an FHA loan.The tenant i chose had a lot of stuff in the garage and owned a pet that tore up the molding around the door frames.

All three units are currently rented, the annual numbers are:Rent, pet, & garage fees: $33,600RE taxes: $2,280Insurance: $1,140Maint. reserve: $5,000 (The property is older, so I’m building a cushion)NOI: $25,197Property #2: I’m currently under contract to purchase a REO 3/2 SFR.

.- Dallas 2006, pet. denied).See http://www.baylor.edu/content/services/document.ph...

A lot of people don't react very rationally to issues with their pets. 

Laundry in-unit, pet friendly... all the things you could want in an apartment.

well,   you are waiting to long to make your offer.I suspect your competition 1. is making offer sight unseen2. they know value3. they do the inspections and such during their due diligence period 4. if they don't like it during due diligence they foldNow there could be pet buyers that the listing agents have for sure this happens.. the folks I know that do this look at the hot sheet at 4am when it hits and have offers on listing brokers e mail before 7am.get first in line .

I had to laugh about the no pets policy in your ads.  

I have a question regarding pet policies.

I felt it was very important and would attract a lot of families and potential tenants with pets if I added a privacy wood fence around the property and separate the backyard down the middle to provide privacy to each duplex tenant.

We've started collecting an extra dollar amount per month, per pet (if you choose to allow), in addition to a simple security depositDetails around guest policies were overly vague so we've refined themWe tend to avoid defaulting to month to month, and opt to renew lease for new term so that we can control when people move out a little betterThat's what comes to mind off hand, good luck