Thanks Matt D for the insight on cap rates in cap rate declining markets.Thanks Jeff, this deal is looking down, but better to learn now then regret it later.

I've read the BP book on manging rental properties, and other articles and such about the Fair Housing Act, and am wondering if or how I can decline a tenant on the basis of their criminal record from their background check.Here's what we're dealing with:-A misdemeanor drug possession charge from 5+ years back.

They offered me a discounted rate, but when I thanked them and declined the reduced rate they obliged immediately and canceled my service effective next billing cycle and asked if they could do anything else for me.  

Recently I've been solicited by lenders to take over payments and I've declined, I'm not sure if a lot of people are being offered that or if the little black book comes into play there, I don't think I'll ever know

He has declined twice to do a walk-through of the property with me.

I asked the property management company if they could directly provide this information to the collection agency, but they declined.

Once his reservation had ended and the property manager went to the house to clean and change the locks, he was still in the property and asked to extend, which I declined.

I ran our numbers with a margin of safety for further rent declines and they were tighter, but still ok.

If folks are moving out of the area and the population is declining, I would go elsewhere to invest.

Our most prominent market analyst, Tina Tamboer, who publishes the Cromford Report, spoke to AZREIA last night and broke down the stats for our current market.We are in a seller's market still, because supply is so low (at 14,400 active listings that's roughly half the 30,000 listings we would have for a balanced market) and, while demand is declining, understandably considering the state of our nation, there are still buyers in the market.