John is correct on stating "don't bend" in regards to deposits but the reality is that in this business, dealing with tenants/strangers, you should never make the mistake of bending on anything.

You don't need to take on the extra baggage of parolees (trust me, there will be "stuff"}   Also, I have a no visitor policy for the same reason you suggested, for the safety of all involved I don't want strangers in and out of the place.  

A stranger is not going to give you 6% on 200K, you rich uncle might! 

Any other strange real estate sayings out there that don't make a ton of sense?

I am also no stranger to economics or economist and there almost isn't any entity with more economist on the payroll than at the Federal reserve.Regarding income growth, I thought you should have caught this earlier but some clarification is required. 

My nugget for you is to find something daily, that is an action toward your goal (like calling FSBO's, putting out bandit signs, actually going up to strangers and telling them that you are an investor and are looking for deals) really put yourself out there, daily and things will start happening.Have you found a buyers list yet?

Jerry W.I truly understand what you are saying and thank you very much for the argument against my idea of a niche for rentals. my arguments is: 95% of sex offenders will not brake a law again, 85% of sex offenders that did have physical contact knew there victim either direct family member, relative, friend, etc... so 15% was stranger via. a park, beach, internet, etc... those are the statistics that i read and can prove just like the low recidivism rate that i already proven. also not all sex offenders are pedophiles (attraction to pre pubescent children).As I said i would screen the tenant. if someone finished there sentence 5 - 10 years ago and have not committed another crime, I truly think that person would make for a great long term tenant as I'm sure it is very hard for them to find a place to rent.Sure there are pro's and con's to this but using this niche market to rent to i should be able to obtain the top or close to it of the avg. rent in the area.

Alex, I've seen stranger things.

(Please no cold calling comments I want strong relationships with my clients not just a commission from a friendly stranger with a needy 1st impression, sorry no offense cold callers)

So had to be careful back in the boonies guys were armed and did not like strangers..