I met my best friends and made unbelievable connections in college that I didn't realize at the time.Plus, I partied like a rockstar.

@Axel Ragnarsson- Be careful...positive cash flow is addictive:) 

Since I began investing in Detroit a few years ago I cannot get my head around so many things regarding the way things are done over there - but this one definitely is a contender for taking the cake. End of April I s...

This is how many flippers get addicted to buy and hold investing!

He pays an unbelievably low rent for the area which covers monthly fees of the coop he is in.

And it really also depends on your region; some have said you might pay 1-2% in prop management fees which sounds incredibly low (and borderline unbelievable), not factoring the standard 1-month rent fee policy; on average, you're going to be paying 4-6%, or higher out to a property manager in addition to that 1 full month rent fee.

The mom's record came back with an eviction from 5 years ago which she knew nothing about- they had moved out of a bad situation (drug addict living upstairs and stealing from them) and the landlord filed 3 months AFTER they moved.  

My first post, wish it was for a different reason.Basic question is what do I do with a tenant that has checked themselves into rehab for a meth addiction?

Think about what you would do when the three months are up and she can't afford the rent.Also, see this topic, which got an unbelievably big response: http://www.biggerpockets.com/forums/52/topics/197591-would-you-approve-an-applicant-with-a-big-advance-rent-payment

Person A having a $300/month health insurance policy, and Person B having a $100/month health insurance policy along with a $200/month vodka addiction, does not mean that A is worse than B.