Tell them you enjoy them as tenants but that you will file to evict them if they do not either stop the pets or pay for the pet addendum.Also request long term visitor/caretaker contact information to have on record.

I’ll go back to look at it closer Wed I think, and maybe counter with 124, 750 earnest money, and no penalty for financing delay, since it wouldn’t be my fault.I believe there will be a few other houses that will be suitable that will come up over the next several months.

We picked one up at the visitor center.

Screening and selection is very critical and you may show the property a dozen times before you get a suitable tenant (even harder in a small town and low income). 

It's possible that the tenants may have a case for what is called "constructive eviction", meaning that the property is not suitable for healthy habitation.

We are all visitors here at BP with the goals of sharing, networking, helping others, information exchange, etc.

The bottome line is that these are for the passive investor, (the same investors who buy stocks and hold them) who hold full time jobs, may not be full time investors, and are looking for the tax advantages, cash flow, and the future upside of appreciation which is not guaranteed, but history has proven over time has gone up each and every decade.I do agree with Jon, that an expense ratio of 40% on AVERAGE, is a suitable screening tool.

For the more recent visitors here, I looked into this business model a few years back. 

We also have a big university and lots of students/parents who are looking for rentals when they realize the dorm is not suitable or overcrowded.

I also stated tenant is responsible for mowing the lawn, no overnight guests for more than a certain number of days, no smoking, no other pets including visitors, etcFor my SFH in San Francisco Bay Area that I self-manage, I have the same rules as Indiana but a few more specifics.