4br/3ba SFR1900+ sqftLot: 6,655 sqftBuilt: 1988Location: Palmdale, CA (Far East side, Think 50th and Ave R) - 60mi Northeast of LANeeds $50K renovations (big ticket items - Kitchen: refinish cabinets (not replace), stone counters, tile backsplash, faucets, appliances, tile flooring, recessed lighting - Master Bath: Stone (or less expensive alternative) counters, recessed lighting, new double mirrors, double faucets, glass shower enclosure, new tub, new toilet, tile flooring, replace broken windows - Back Patio: Refresh and replace all rotted wood on patio cover; paint) -- Main level: laminate wood flooring -- Upper level: Carpet throughout) - Roof Good, Plumbing good, HW Heater may need to be replaced, HVAC will need inspection and cleaning.

I would guess they do not check at all if your real, so you do not even need to fog a mirror or have a heartbeat...

Instead buy with seller financing that mirrors and wraps the underlying loan. 

It also mirrors state statutes on landlord / tenant rules.

Looks like it pretty much mirrors population, both for states and cities.

Hi Catie,Sometimes when people sell, they put "Anyone" that can fog a mirror into the unit to say it's rented and ready to go.No criteria at all.Delve into this, because you are buying the income stream of the renter's payments--and a sold renter is better than a sketchy one.Good Luck!

Then the price-to-rent ratio is just smoke and mirrors to convince someone to make a risky investment.Think about it Ali, if a $1,000 rent sells for $50,000 in the 2% area then why would investors pay $125,000 for the same $1,000 rent in a .8% price-to-rent ratio area? 

Aside from adequate insurance coverage everything else is just smoke and mirrors.

An FYI, recent college grads mirror the rest of the labor force regarding unemployment.

Both essential traits of successful real estate investors...2) Write this on a post it note and put it on your bathroom mirror and read it every day.