After taxes and insurance you'll make maybe 10-12% ROI, however, nothing close to the areas with $30-40K houses in 2012-14 and $50-70K now.There is markets for everything and it's smart to start with cash purchase, create the system and then try to buy better areas with financing.I agree, that the higher the rent, the better the quality of Tenants but there will be other problems: threatening with legal actions, trying to buy your house against your will (true story at $3500/mo rent).This is very diversified business and plenty of room to make money for everyone

Next talk to a Real Estate Attorney and should the threat of the seller backing out becomes real then have the Real Estate Attorney send a letter threatening to go to court to sue for Specific Performance.A Specific  Performance case would tie up the property for years. 

., because a fire in one unit can threaten other units.

Have any of you ever been threatened, robbed, physically attacked, or felt your life was threatened by either a tennant or a prospective tennant?

If I get in a situation where I am threatened.

(we use about 30 various combinations obtained from RealAcquisitions)- Our messages are highly non-threatening & have a very simple message - basically 'I' want to buy your house, cash & can close fast- Don't come across as a hot-shot business (no matter how big you get); "I am a regular person & not a corporation" - people like dealing with people & not companies- Have a local number & a local return address (not a PO Box)- Most importantly, buying with a low-ball cash offer & assigning contract to a high bidder (classic wholesaling) should be ONLY one of your strategies.

So to me, mold is life threatening.  

Initially, BB&T quoted higher, but I threatened to go with my credit union which gave me the lower rate.  

She replaced a rather subpar manager that we threatened to switch companies over. 

I know a lot of people who refuse to do rentals in DC--and the city wonders why they have an affordable housing shortage.Maryland keeps threatening to force landlords to accept HCVP clients, whether they want to or not--but haven't so far.