I am loosing my sleep learning and learning this.

✅ Low operating costs✅ Low crime rate✅ Low risk of a natural disaster✅ Sufficient population to have economic stability, major highways, and a major airport.

This attracts people wanting to book "gatherings" and will have up to 10 people sleep wherever they find a spot, if we don't intervene. 

You may also be running into the FHA self sufficiency rule if it is a 3 or 4 unit property.

Don't sleep on Steve's suggestion of Ray Alcorn.

Even with a lease in place is there an option to terminate contracts with a sufficient amount of notice?

I don't understand how people like that can sleep at night.

Don't sleep on a single family home if that's all that you can get in your budget.

.); the sufficiency of estimated insurance proceeds from ordinance or law insurance and other coverages to repay the Mortgage Loan in the event of partial or full casualty, or condemnation; and for a Tier 3 or Tier 4 Mortgage Loan, if requiring execution of the Limited Payment Guaranty (Form 6020.LPG) would mitigate the risk of the as-rebuilt Property not supporting a Tier 2 Mortgage Loan.

While they are indeed somewhat arbitrary, they provide a straightforward framework to filter out properties that are unlikely to meet my investment criteria.1% Rule: This rule helps ensure that the property generates sufficient rental income relative to its purchase price.