I have talked to a few different lenders and they have assured me that they have never seen that happen.

Due diligence must be performed in order to assure a borrower will be able to qualify for any amount due at maturity, if any as well as for the payments as structured.

I can assure you many of them are really C class neighborhoods.  

When I spoke to john sims on the phone he was very convincing and assured me that everything against him with rubbish and lies so I decided to take a chance- boy was I wrong.

My over riding theme is to assure them that we really agonize over whether or not to raise rent, and we don't do it very often, compare our prices to the average (assuming they're lower), and remind them how long it's been since we last raised rents.

The executed and recorded deed is your ultimate assurance.

If you want a little more assurance ask if they have any family members who would be willing to be guarantor on the lease.

@Dustin Fisher if the property in Dayton is vacant you can be reasonable assured that the electric, and plumbing as well as the HVAC has been removed and rehab will be in excess of 25K and unless you have contacts in the area or can go there and supervise the rehab you can look forward to many sleepless nights/Start by going to the Dayton Ohio auditors page and look up the property. it will give you information you need to start looking at.I have 5 properties in Dayton all in the east side of the city zip code 45403.

Rest assured, you'll hear all kinds of stuff here, it's up to you in the end to sort it all out before you go try something.

However, if you are keeping a tally I'll add them here.Equitable balance between laws protecting tenants and landlordsMany highly qualified applicants (most of my tenants are married students with great credit scores)Growth economy assures stability going forward, whether renting or selling the propertyI would second @Jeremiah Maughan list of downsides however, that local government in Provo are not always willing to see that the best and highest use of a property might not be a single family home.