I've received two applications for my two bed rental condo. The first application was from a nice couple with a one-year-old child. They make a little over 3x rent, have a small dog, and had positive reviews from prio...

I'd definitely welcome any feedback or experiences investors have heard from potential renters on this. 2BR 1 bath unit that is decently updated and wouldn't require any work beyond paint.

Word of cautionI agree with Rebecca and Mike both, however screening your tenants would be of great importance if you choose to invest in a "borderline" neighborhood.

Choosing the right agent will make you money. 

You can be successful with either track you choose, the path will just look different.

I'm interested in how different investors choose different metrics.

In Wichita that would be true - 60k houses are far and few between in Goddard, Andover or Maize schools (generally the more highly sought schools in the Wichita metro) - there will be a house here and there that could be bought in those places close to $60k but they'd be pretty crappy and anyone that could afford to live in the Maize/Goddard/Andover School district will likely choose a nicer home).That being said I believe she was talking about putting $50-60k down and earning a 10% return - she can do that pretty easy - but there are plenty of neighborhoods besides west wichita to make that happen.

However, for those who plan to utilize the systems and tools mixed in with face to face relationships, the model is truly golden.  2400 agents to 8000 agents in less than 14 months, the numbers certainly don't seem to paint a picture of a company destined to tank at the first burp in the market.

Basically,  I would look at my costs for each option,  and choose the one that offers the best value for my businesses model.Hope that helps. 

Depending on what you choose to do and what the partner will bring to the table vs. what you bring, you may have to take a much smaller split on the profits.That's awesome that you have been so entrepreneurial.