Although it may be more challenging to find deals of any type in this climate I know they are out there. 

Who knows this tenant might be fine but the next well it's a toss up...You might think about letting your dad sell the property and asking him for some $$ to invest in a property in Rochester instead or to partner with you, with all the new jobs going on there and the Mayo Clinic the housing climate is going to continue to get hotter and that's where your at, and able to manage a closer rental property from.If you do choose to take the deal make sure because it's sensible.

Some ideas from others: · bank loans are not available on some types of properties · the tight lending climate has made bank financing "out of reach" for many · seller financing is an "age old" tradition based on private property rights · these rules would prohibit even partial seller financing - i.e. a "seller second" · according to HUD's "Residential Finance Survey" in 2001, roughly 40% of all non-farm residential properties in the US are owned free and clear · an estimated 6 million Americans own a property other than their own primary residence · an estimated 4.5% of Americans own three or more properties, many purchased solely as investment properties · 40% of non-owner occupied residences are mobile homes which are more difficult to sell with bank financing · approximately 5% of homes in US are for sale or for lease... seller financing may be key to liquidating this inventory The continued success of our industry as we know it is threatened by these proposed regulatory changes.

In our current economic climate in this country, I would assume that banks want the best of the best when it comes to offering loans.

We have had to complete two evictions due to non-payment, we didn't renew a tenant due to their lack of cleanliness inside and outside the unit (along with other issues), and have had one tenant that never ran the A/C or opened windows in our tropical climate, which caused issues with mold and mildew throughout the unit.

Davenport has a growing population due to it's business friendly climate and has a diverse economy which is something I always look for when evaluating a market.

cool, considering 1 IN 3 AMERICANS has or has had an alcohol abuse disorder!

Quality land (beach front, lake front, ideal climates, growing cities) will become more precious in the long term.  

More than anything else (IMHO) this lending climate is a giant red flashing light at the edge of a cliff.

If you feel like you're being mean, then lookup some resources for homeless or displaced women in your area and provide that resource to her and tell her you empathize with her.I don't know this persons story but it could be anything from true, to having personal life drama that you dont want in your rental, there could be illegal activities/drug use involved (pressured speech, confabulation of wild stories) or perhaps just unfortunate uncontrolled mental health disorder.