For the record My personal philosophy is to have solid equity in a property.

If we have to start adding people's philosophy on debt and obligation into the mix, it's going to get bumpy!

The common philosophy seems to be that just because I wouldn't live in a certain neighborhood doesn't mean someone else wouldn't.

Firm believer in David Greene's philosophy on creating deals and opportunity.

my personal philosophy is to use a carrot approach, rather than just keep their deposit. tell them they can both be held liable for entire contract amount, but if they keep the place clean while you show to prospects and leave the place in good condition it will limit their exposure. of course they should be held liable for any time unit is vacant, but your main goal should be to put new tenants in asap.of course you have the option of taking their deposits and cutting them loose. your approach will depend on state laws and how nice you wanna be.

For criminal, i use mysmartmove.com (Transunion), it gives me all 3 reports.My philosophy is to take lesser rent from headache free tenants and end up with more time/money in my pocket long term.Good luck

They feel that for the rest of their landlording career each tenant will clean the house for the next tenant, but that philosophy is only a fantasy.

It would hard to compare to one multi million door factoring the above management required.When you listen to podcast 113 with the author of the millionaire investment book, co written by Gary Keller...their philosophy is more like appreciation is the "cake" and cash flow initially is the icing as long as it's positive. 

That was "old school".Being willing and able to improve properties is a function of the economy and a philosophy about being a landlord.

Which is my philosophy behind this.