Make sure they rent is no more than 33% of their income and they have no criminal history, collect 2MO security deposit and you will be fine.

Its usually the outrageously bad tenants, or outright criminals.

Pros:Strong cash flowMajor affordable housing shortage in the countryBarrier to entry - zoning prohibits new parksPride of ownership - the residents own the homeLower operating costs - the residents own the homeLower touch - the residents own the homeSticky residents - costly to move a homeEasy to raise rents - costly to move a homeRecession resistant asset class - affordable rentLarge private equity funds are entering the space - drive prices upMom & pop ownership - opportunities to improve NOI and valueLower entry cost per door - less capital neededCons:Not sexy - smaller resale pool (but that's changing)Stigma - some counties try to stop operations (poorly operated parks, criminal activity)Stigma - some people don't want to live in oneLower credit quality residentLess appreciation potential, unless forcedNiche investment - helps to have scale to properly operateMany banks don't understand it - tougher to financeOlder assets in many cases

For one, this isn't a criminal matter and so the police will not get involved. 

Do NOT fall for the ones who are overly "nice" and "eager" as they are generally Credit Criminals!  

It checks credit, criminal and evictions for $26.00 and then gives you a pass, fail or conditional with larger deposit.

I really don't get it (unless you criminal history prohibits licensing). 

(She happened to be hacked by the dumbest criminal ever and was able to recover her funds, but she was among a small minority of people who recover.)Do not make the EM check out to the seller.

Marijuana beyond your lease saying no smoking, is a banned substance so there is evidence of criminal actions. 

Tread softly, sounds like he's not yet convicted of the most recent activity.This applicant would lose points in my screening due to having multiple criminal events and for the most recent being so recent.Additional occupants rather than new applicants are a different animal.