Or they are buying a 4plex or something like that and then a 4 plex the following year etc. 

For instance, I follow the 1% rule with my investments, and that's getting harder and harder to meet in Myrtle Beach. 

They have a tendency to be a little more independent and not necessarily follow typical federal standards at the state level. 

@Derrick Gordon I"m not sure I follow. 

Hi BP,I have been following the podcast for a while now, reading books, informing myself.

I am following the info in BP's guide to screening tenants, but I would like to know what experienced landlords do if you receive applications from multiple qualified tenants? 

In highly distressed properties like this one, I have said the following more times than I can count.

This is why it is critical to pick a high-income generating field OR follow your passion but not get into student debt (can't have it both ways). 

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

Follow up the verbals with written as necessary.