If on the other hand you buy in quality neighborhoods with high rental demand, then high quality properties attract high quality tenants that are willing and able to pay a higher rent to live there and your screening job is 90% complete right out of the gate ... still need to reserve 10% because there are nut jobs and basket cases applying to rent occasionally in any market, but then if you have a line of otherwise qualified tenants also wanting to rent your property as you would in such a neighborhood then it is much easier to tell them to "GTFO" as Amit M. so eloquently put it :)

Should I be able to go to the market and tell the cashier my wife is sick and expect not to pay for the basket of groceries?

I'm very conservative in my underwriting and I assume the world is going to hell in a hand basket.

Hey Nick,  look on YouTube at The Fruitful Investor, he's a young man from Ontario, Matt Piche. 

Maslow's Hierarchy....Food, water, shelter are the basic building blocks of humanity and order, without them things like love, enlightenment, self-realization(the higher levels of the hierarchy) are much less likely to be achieved.Not only are we involved in providing one of those basic building blocks, it does not take a genius or a ruthlessly competitive person to eventually earn a high social status(wealth) from the fruits of our labor and sacrifices.

Thank you for the post @Deniqua Antoine, wishing you well in your future endeavors in this fruitful industry!

Growing a high yield fruit tree is different from harvesting it.

You and I and all other Americans enjoy the fruits of their job, which is to protect and defend our country.

The lower priced NPNs look like low hanging fruit but is that where a newbie should start?

This may work now and then but long term it is a lot of tail chasing and not a fruitful way to find deals.