Or try the reverse - rehab a property to Class A standards in a Class D neighborhood and try to get a Class A or B tenant to rent it.Unfortunately, many newbie real estate investors are jumping into buying affordable Class C rentals - expecting Class A results.

@Martti Eckert here's the big issue that no one really talks about that you hopefully find helpful (this is copy & pasted):-----------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

So act quickly, do as the others are saying and screen him according to your standard criteria. credit, references, eviction history, etc.

Rehab to the standard of the neighborhood.

However as Texas only allows a HELOC on your Primary Residence, I don’t want to lose this facility if I move to a new place (and I want to comply with the rules!).

They have to meet modern codes and SEQUA requirements.. this is what stops building on lots that would not be buildable with modern subdivisions map act standards or modern zoning. in the hilly areas road widths and slopes will not meet Sequa so they stop building on those lots there are thousands of the lots scattered around LA county and these are the lots you see going to tax sale all the time.

Very simple - tell them to call me if they can't figure it out.I would not tell the tenant what I was doing and if it was ever discovered that I had done it - I would explain that I did it as a standard safeguarding of my property - in case the original thermostat should ever fail while no one was there to monitor the space temperature - the backup thermostat would save us all from freezing damage.

. § 2A:18-61.1(f) is an indefinite standard and difficult to measure.

Property values and interest rate (but with higher standards) were lower in 2012 than 2007.In general it is often true, but not always.  

You need to up your standards or life as a Landlord will be very difficult.One violation and I would evict.