The only downsides past that are if you are working with a less-than-stellar turnkey company.

I'm a new investor and there are MANY that will value and are actually seeking investors who offer my reliability, dependability, integrity, credibility and a stellar work ethic which are consistent.

The previous owner was way over that with the less than stellar PM he had in place.  

You want to make it nice based on your living standards but at  the same time, remember that tenants aren't stellar for taking care of things.

I'm not an attorney and can't give you legal advice, but with over 25 years of PM experience in a "tenant-friendly" state, I've learned how to protect myself as a landlord and property manager in addition to my landlord clients.If you are worried about these particular folks and their pets, say no.On the bright side, I often find that responsible pet owners (check references) make stellar long-term tenants. 

It will, of course, impact my credit and my TDC, but both of those numbers are stellar and can handle a little temporary waning.

.- Net Income: $1500 / Month- Does online sales of: $1000 / Month- Current Monthly Rent: $875 (1.5 Years)- Savings: $9000- Two cars paid off (2006 Models)- Stellar Credit- Scholarships: He gets some unreported scholarship money ever semester, but didn't how much yet.I first denied him, and said if he wanted to put his Fiancee on the application, but he said that she didn't want to do that, but said that he could give me a few months upfront.

When I screen tenants I don't place so much weight on their actual credit score, but more or less their references, past landlords and their employment outlook.Personally, I would rather rent to someone with less than perfect credit with stellar references and good income than someone with perfect credit and good income.

Strong fundamentals, management, and a stellar concept should have you and your partner on your way.

They are turnkey units with great reviews, in stellar locations, and each has legal permits.