In the process of finalizing the purchase of a triplex.  Fully rented to three tenants with yearly lease, to expire May 2015, July 2015 and August 2015.However. in reading over the lease - the seller has written into ...

I own both vacation and long-term rentals there and think it's a good compromise between property cost and potential income. 

There are better %'s in Houston, even getting in the 1.5% - 1.75%-ish levels, but some are not the best neighborhoods.You will need to do this for 3/2's and 4/2's separately.Then find a compromise between cash flow and class of neighborhood that makes you happy.You might want to take a look at historical data.

I had responded to one person and the next day my email had been hacked and my credit card number had been compromised.

So our compromise is that we give a 1 year lease for new tenants, who don't know us (and we don't know them), and then at the conclusion of that year we all know each other - if they've been good tenants, they stay M2M and we give them good notice of any rent increases or changes in terms, and if they've not been good tenants they either get the heave-ho or a rent increase proportional to their level of PITA'ness.

That's been my experience.On the other side of the spectrum are the cheap consumer-friendly "planners" who are really just entering data into some software that spits out a binder full of useless charts.Fee-based seems like a reasonable compromise.

Our compromise so far is to use the SFH as a learning experience while looking for a multifamily.   

Once you approve someone, you need to move forward, if you have not done that, you should be ok.Talk to the applicant and see if you can compromise and have them move in one week instead of two

It all depends upon your business and what you are willing to compromise.

That might be a good compromise for you between doing nothing and doing the utmost.