But since most refuse to follow common sense advice, and gotta get a good healthy dose of a bad tenant experience in order to learn, consider doing the following:   Collect or you pay 75.00 and do a more extensive background check.Require a $500k non-refundable Pet "Fee,"  Not a pet deposit, but Pet Fee. 

Other instances they stopped paying and the fees and interest collected goes up quickly including legal etc.I hold the note on a property that the unpaid principle balance is $65k but it has $85k in late payments, fees etc.

I have the raw results data.

It was a rental so it a possible you buy it and collect some rent until the tenant moves out

Hi everyoneFirst time using the BP calc , so perhaps I am just not understanding BP method or I am miscalculating , however ....I input a home's data sets with all associated costs and the complete loan amounts, points, fees etc.When the results came back , The ROI was based on the total project costs.. i.e.

we made far more money on the later .but enjoyed building that monster investor data base.. 

@Christopher CourterIf the properties are 4 units or less, don't worry about the operating data. 

On our own projects, we always make our own assessments of rental rates, and there are numerous resources for this data once you know where to look.You need to determine the business plan, i.e. duplexes vs. larger project, then have an architect layout the design on your chosen path, then run a set of number (proforma) to determine feasibility.

If you collect the deposit in person you can show them a copy of something, but these days anyone can make a fake document.

I will share my data soon,  I hope my numbers are not too low,  and crappy,   I am looking for decent numbers, what is that number, I have no clue.