Adam,The common theme here is protecting yourself and your property.

That should be the theme of tenant selection - IMO!

Bill Gulley ,I see a common theme here.

I was just watching an episode of Flipping Vegas with my wife and laughing about the fake husband/wife drama and artificial renovation scenarios and numbers when I swore I heard the BiggerPockets podcast intro song...

the theme you should remember for screening tenants to fill a vacancy is "haste makes waste!"

I think that theme applies here.

A lot of common themes here

This $64k fixer upper required windows all around (it would become a theme for me), new roof, new AC, and refinished hardwood floors.

Unfortunately, my commute is only 45 minutes so I am left in suspense on the 15 minutes until my drive home.

I don't know the area so take the following numbers with a grain of salt...9 one bedroom units rented at $575 (let's be conservative)2 store fronts leased at $600Total Gross Revenue - $76,500 - 15% (sticking with the conservative theme) Vac LossTotal Revenue - $65,025.00Total Expenses (50%) - $32,512.50Total NOI - $32,512.50Potential Vale of Property if sold at 9% Cap Rate - $361,250Like I said, I haven't seen the property but that's how I play it out in my head.