If I sense the buyer is cut from this fabric, I will negotiate extra hard against repairs to the extent they simply walk.

I just read an article recently that noted "Avg Profits For Flipped Homes" of $80,000, however when you dig into the article and their sources, "Profit" is simply Sale Price - Purchase Price...so it doesn't consider renovation costs, holding costs, financing costs, etc.

@Tom Hall - The answer is simply a "No."

You can ask the prospective tenant about the addresses or simply do a Google search for those addresses and, if it belongs to an apartment complex, you can call the apartment to see if the tenant ever lived there.Public Records:This part of the credit report will list any judgments levied against the tenant -which includes garnishments or evictions that have a monetary claim.

However, if you bought it and managed it as a market rate apartment, your experience would be very different.My point is, I can control how fast a unit turns simply by adjusting my asking rents.  

Investor savvy agents are few and far between so take the time to find the right one - you are not looking for your forever home and simply giving the agent a list of homes you want to look at which is what most agents do anymore. 

You simply can’t ignore the risk of investing in an area that you’re not intimately familiar with.

NOPE I simply do not believe that is the case personally..   

If you gave the keys back to the bank  they simply would never deal with you again and I see that today even after 10 to 15 years from when it happened.

The customers prefer ATM, as you don't have to go to branch at business hours and wait in line, you can simply do it at 24-hour ATM.