Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Alternatively if they all love the deal, that's also likely a good sign.You can get a dog of a property in a crap neighborhood that will yield a 13.6% gross cap (not saying yours is), but that certainly doesn't tell the whole financial picture of how the asset will perform.

As an out of state investor, am looking to work with wholesalers, agent or bird dog who can walk the ground .

Finally, I would add allowing pets to your home. 

Married Adults + 2 kidsWhat if there is 1 samll dog/cat added to each of the scanarios above?

Should you add a playground or dog park, or would your money be better spent on putting in gated access?

Quote from @Roger D Jones: SamEveryone here is providing great points to consider and if you were my son I would say that at 360k this 'dog needs to get put down'. 

They knew a dog lived there when they rented it and they rented anyway, knowing they had allergies and chronic asthma they rented a home with carpet. 

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.