If a potential tenant has filed Chapter 13 due to needing to withdraw money from their 401k accounts to pay for the funeral expenses for several family along with medical expenses, and owing back taxes because of the 401k withdrawals, would you rent to them?

At that time, it went for 70k, now listed for 339k. the town has had some recent growth from medical center growing, and increase in some industry in the area. he told me they expect a food manufacturing plant to be built in the very near future. additionally, the county courthouse is in town.

The borrower's credit report can not have any (non-medical) outstanding collections.

You can do flips to give you cash for rentals.Good luckI definitely agree with this, nevertheless I feel rentals are somewhat slower in terms of building wealth due to the mortgage and other fees eating away into the positive monthly cash slow.

Ramping up over these past 6 months since graduation has pointed me in the direction of substantial income however of course it is the end of the year and as such the beginning of the year will probably be a bit slower. 

These are then deductible by the individual taxpayer.Also, consider a Health Savings Account (HSA) to pay other medical expenses, such as doctor's visits, prescription drugs, dentist, etc.

If I pay per hour I usually pay less but the progress is slower.

The subdivision is within a mile of multiple new medical buildings, some still being built.

As far as market drivers, Bakersfield has been hit my a bad Ag and Oil market which has made the recovery slower than other places in the state.

Hi John,1) It ultimately depends upon your goals, but if you want to acquire a number of properties this is a much slower approach.