One major item that comes to mind (from seeing others NOT do this) is to set your standards for screening tenants and stick to them 100% no matter what.

I've tried searching houses for rent, but damn near everything I find is a unit in a multi-unit or at least part of a 2-flat, so I'm not sure how to determine rent on something like that.

These tend to do very well in stronger and flat markets.

When screening them I was under the impression it was just a married couple and a dog.

For example, if you provide free laundry, prepare for your tenant to do some laundry parties or start a laundry business out of the house.Property managers may also not have the best treatment of the property since they understand the property would be in a lower value area, so I'd prepare for some excuses such as damage/poor screening not being their fault because the tenant pool is not good enough.That being said, you can still make a lot of money in lower value areas.

The 3rd deal will be seeded by the 1st and the 2nd deal, etc.The one thing I have to absolutely tell you to do is to become an EXPERT at Tenant Screening.

I still screen like any tenant.

Hello,I’m a newly hired showing agent, meaning all I do is show houses for other realtors for a flat fee.  

It's just like Landlords that complain about bad tenants but never take ownership of their screening process (or lack thereof).A lot of property managers are amateurs that sucked at sales and decided to collect rent for an "easy" paycheck.

Water is bill backed via flat RUBs at about 1/3 of the actual cost.