Before we agree to working with inherited tenants, we mainly screen for criminal and sexual crimes to help insure everyone's safety.  

It is a big investment, but you will have improved the property greatly, and enhanced it's value.And, ask him to do a cooling and heating load calculation to determine what size equipment you need. 

After you see they a good tenant then gradually increase rent, also a few cosmetic enhancements can go along way in justifying the rent increase and their preception of the increase. 

@Martin Lopez  A warm welcome to BP Community - a place to enhance and share your REI knowledge.

He might even be a better renter, based on his service history.I would personally be apprehensive with convictions for violent crimes, serious misdemeanors and felonies, felony drug convictions, criminal mischief (vandalism), domestic violence cases (with some exceptions), serious theft cases, and sexual assaults.  

In order to help alleviate these difficulties, and to enhance his/her ability to live independently and to fully use and enjoy the dwelling unit you own and/or administer, I am prescribing an emotional support animal that will assist [FIRST NAME] in coping with his/her disability.I am familiar with the voluminous professional literature concerning the therapeutic benefits of assistance animals for people with disabilities such as that experienced by [FIRST NAME].

Yes, being a debt free millionaire is way better than being bankrupt, and living a monastic lifestyle sure beats being a drug addict or a prostitute, but going bankrupt and losing everything because he got burned using high interest 90 day loans with no guarantee of renewal like Dave did, then declaring that all debt is bad because of this and saying that 30 year fixed rate loans should be avoided, is like someone who goes out with an ex-con member of a biker gang - gets sexually assaulted by the gang - and then declares that sex is bad and no one should have sex.  

"NO sexual or violent crimes" and run a background check.I have properties in FL and AZ so some laws are different.

Account Closed I’m pretty sure that I could study the laws more to be that nerd, but I have Invested time to read them enough and know where the resources are to answer most of my questions before hanging myself with irresponsible actions either in screenings or direct communication with tenants or prospects.All to often I read threads on here that I’m sure were well intended but perhaps a misplaced word or two and the whole thing then becomes entangled in a diversion of the topic leading into many different avenues.I don’t want this to seem negative as this diversion does create good communication and allows the community to share different perspectives that eventually enhance our businesses.

That, coupled with the possible ability to increase rent over the years, as well as adding value by enhancing those features renters look for most in a property, can help to increase cash flow.Thank you for your input!