I don't have a checklist per se, but I do have a list of criteria to consider for investment properties and how they impact your bottom line.

We invest in OKC and have properties in the SE, NE, SW parts of the city.Good Luck.Sara

Is rental income subject to SE tax?

If you are talking SE Fresno, or west of 99, it can be rough.

You can print this CA Dept of Consumer Affairs webpage to send to them, too, regarding the security deposit law:http://www.dca.ca.gov/publications/landlordbook/se...Along with this article about breaking leases:http://www.nolo.com/legal-encyclopedia/free-books/...Then, advertise it again, keep proof of advertising - even if it's Craigslist, you can print out the ad in a way that shows the date you printed it out.  

https://bc-firm.com/chicago-se...You could be liable for 2x security deposit due to RLTO.

Not price.Cap rate = Net operating income/Price.Change the Price any way you want and the cash flow won't be affected per se.

@Drew Hittner As an Arizona Property Manager with a focus on the SE Valley area I would struggle to be convinced this would be a good idea. #1 this tends to be a low crime bedroom community area. 

BTW, my focus now is acquiring value-add MF assets in the SE -- primarily the Carolinas.

You can find these opportunities in the SE, Texas and the midwest - to name a few.