I don't know your neck of the woods, but if the house is worth only ~$40,000 and only rents for ~$500, then I'd bet not.

But decided on American muscle after, so got a 1965 Corvette Sting Ray for 7 years. 

He may already be stressed about it enough w/o his landlord breathing down his neck about something that may or may not happen.  

(I would only add that in my neck of the woods, NJ, we can charge a non-refundable pet deposit... and I didn't get my juris doctorate from google ;))

Contrast that to someone who CHOOSES to have tats covering their face, neck, and hands.

In my neck, REOs seem priced more appropriate and HUDs are a little higher.

They are breathing down my neck on a daily basis.

I will tell you one thing - St Louis Park is a real pain in the neck with regulations!

Hey Nick Meister, I'm right in your neck of the woods.

Get your numbers down pat -- spend time on craigslist seeing how much houses rent for, and then go to realtor.com and figure out if any single families in your area will cashflow (not to buy, because you don't have the money down right now; just as an exercise to build your deal-recognition muscle).When you find the MFR in your area, call the landlords and PMs and ask if you can take them for coffee.