Something else to think about is how would the numbers pan out if you used a property manager when the time comes and you no longer want to personally manage.

Whenever I hear of someone wanting to pay so many months in advance with a wad of cash I think of the movie "Pacific Heights".... not to say there are any sociopaths involved here, but you need to be cautious.

Just got an email from my Rent Processing company.The rent for August was stopped.Return Reason: Payment StoppedDetails: The Payer or account holder requested the payment be stopped by their bank.This is probably going to court now because of the way things are panning out.Called my Attorney.

Hmm, that's not what the statistics you just quoted says.Distribution by Head of Household's Race as a % of 50058 ReceivedNationalWhite OnlyBlack/African American OnlyAmerican Indian Or Alaska Native OnlyAsian OnlyNative Hawaiin/Other Pacific Islander OnlyWhite, American Indian/Alaska Native OnlyWhite, Black/African American OnlyWhite, Asian OnlyAny Other CombinationUS48471210101Although Black Americans are 47% they only make up 14% of the population of the US.Latino/Hispanic isn't mentioned, but this part does break that down.Distribution by Head of Household's Ethnicity as a % of 50058 ReceivedNationalHispanic or LatinoNon - Hispanic or LatinoUS1783So, that leaves 31% as head of household as white people.

Oil pan or whatever.

The furnished units would come with the following  a sectional couch, beds, pictures on the wall, shower curtain, rugs, dishes , pots and pans, dining room set.. etc.. 

@Sean Pan  I think the EFT is a generational thing.  

A better movie for this topic is "Pacific Heights", where Michael Keaton's character makes a rent pre-payment (and engages in some disturbing behavior as well).

Make sure to teach your tenants about never putting hot pans on it and let them know their deposit will be charged for any maintenance over and above what I previously described.

Just depends on the price point, the rent range, and how many renters are in the area.The other thing you have to be careful of with the bigger nicer homes is the numbers- oftentimes the really nice homes won't pan out for positive cash flow because the house is too expensive compared to the rents it can bring in.