It doesn't guarantee their income is sufficient, but what I've found being in this business for almost 15 years is that most of my evictions have involved someone with income less than 3x the minimum.It is good to consider the reason WHY this rule is what it is:The majority of rentals in my medium size Midwestern town (Springfield, MO, population 160,000) are between $500 - $1200 per month, meaning most renters need a household income between $1,500 - $3,600 or greater, depending on the Class, location, etc. of the rental.  

Census- Census has some other population metrics like median household income.

Things like unverifiable income, undisclosed debt, or even just having too much household income for your area can cause a loan to be denied.

I found the best notes for us to buy was from thrifts  Household finance types that were in foreclosure I would buy those 2 to 3 weeks from the sale date do a substitution and carry the foreclosure through and either own the asset or get paid off is someone else bid it.. we did quite well with that one until new management came in and would not sell many notes this way anymore. as for training I only know of the controversial ( being kind ) Scott Carson and Eddie Speed and I think Mr.

@Justin BoggsIf you look at city-data.com you will see some census data on that area:Median household income: ~$24k - that # goes up as you get closer to the Georgia line.Unemployment: between 16-22%Residents below the poverty line: between 21-35.5%From that data, I would classify the area as a C or even D class area and everything that goes along with that.

As you can see, median household income growth is 4x more correlated to rent growth than population growth.

They divided the time between two families and made sure to contribute to the household with cooking and cleaning.

The husband was sleeping (he works nights) and, sad to say, the females in the household handled the situation by running around like chickens with their heads cut off, screaming and running out of the house.Their screaming woke up the husband who had the good sense to throw the main breaker and call us. 

Not sure what the price of rent is, but $9,000/mo household income in Cleveland is pretty strong.

This is assuming you have a stable income from a high paying field like tech with household income scaling between 100-550k per year which is possible if you have a wife with a high paying job as well.