That is a strategy that we have done but particularly early on when we didn't know how much better it was to stay in the deals (better for the seller and also more profitable). 

Unless you personally witnessed the damage being done, I'd stay out of the middle of it. 

We've chosen to stay away from the Beloit area, but have been interested in how others are successfully renting and in what areas of the town.

Am I obligated to stay with the first applicant we told we would move forward with?

(homes to stay away from, specific items to consider before bidding).

It depends on how long are you planning on staying there.

All you need to do it look at the Bay Area and tell me what exactly has rent control done to help people stay in their homes?

That way you can use it as a way to market yourself and find other investors to fill in the gaps - NETWORK NETWORK NETWORK - Stay determined and your unwavering focus will allow you to make a way when you feel there is no wayBest of luck!

Can also make a lot more money (than your regular annual leases) on monthly or 3 months at a time (lots of people, who move here need a temporary place to stay AND find it difficult to get one).

Stay organized with an excel spread sheet.