For those holding hope they will fall and save existing deals, don't hold your breath. 

Of course they are going to have bad credit or they would be looking in a better area.Another thing you may want to consider to drive more applications is to not charge the application fee.

I used the think lowering the price would attract "worse guests" but I have experienced bad guests at all price points. 

Too bad, tenants aren't saying a thing for fear of paying.

Now to the bad news: it is REALLY hard to be a 20yo real estate agent and make a living wage, let alone generate cash for a down payment.

However, if I take my resources and spread it around, I can weather bad times better.

That’ll be $50.”Document EVERYTHINGLiving with tenants means you see it all—good, bad, and downright ridiculous.

I received an email with pricing on both structures, prices are not bad, but do not include much, I still have to pay for a deed (quit claim or warranty) to transfer the rentals, register agent fee if I decide to open the Wyoming LLC.

What @Jay Hinrichs said - I always preach on here that it is far better to have your place sit empty than to have a bad, or even dubious tenant.

Like any investment, there are good and bad deals.