@Trevor EwenI don't know the economic fundamentals of this deal, but ANYTIME you are putting your personal preferences and e motions over basic financial fundamentals you are making a mistake.

I still adhere to all the usual tenancy checks and screenings.I totally agree with the statements about looking for higher class tenants HOWEVER Las Vegas is a different market and my property is near Downtown in a low socio-economic area.The A++ tenants with college degrees aren't looking to rent in this neighborhood.I am personally dumbfounded by people who don't have a spare $1000-$2000 tucked away however my experience in the USA, what I've read and what I've been told shows that many people are living from paycheck to paycheck and don't have any savings.5 of my tenants in the USA get disability or some sort of monthly check from the government.

-Verifiy occupancy, including economic occupancy (who is actually paying).

It is no worse or no better than many of the others.Just because it isn't black does not mean that you don't need to respect it and be cautious when removing it.Travis WestCIEC (Certified Indoor Environmental Consultant)MAC0325 (Licensed Mold Assessment Consultant, Texas Department of State Health Services)

I reviewed the few pictures that he sent over, pulled the comps, ran the economics, discussed it with my agent and decided to take a leap of faith and make an offer.

SUBSTANCE ABUSE: Tenant agrees not to allow any person residing on the premises, or any guest, or invitee to use controlled substances (including alcohol and prescription medications) in a manner that will either disturb the peace and quiet enjoyment of other Tenants and neighbors adjacent to the premises; or endanger the health and safety, or well-being of Tenants or other persons. **** Some amusing comments on this thread, but in all reality you absolutely need to be concerned.

That will be harder to snow them, but they won't expect you to perform beyond the course level.I agree with the aspect of finding the optimal point of leverage as it will allow you to utilize more principles of finance and economics than running a specific model in forecasting (unless the class was financial forecasting).

A developer will certainly look  at economic aspects before bringing a new shopping mall in an area, or a region. 

Now, this may or may not be true, depending on the emotional health and/or maturity of your friends and relatives ;) But that doesn't matter.

In Washington DC, it's a very time consuming and painful process to evict anyone, even a hoarder who is clearly living in conditions that must violate several of your city's building and health ordinances.