So it's very reliable income. 

Our tenants have been very reliable in paying but I must say, the one tenant using Chase QuickPay, has been wonderful.  

So I do the Rehab part of your post.A Reliable handy man is a necessity.

I am in the process of building an arsenal of good tradesmen who are honest and reliable, to use for repairs and rehabs.

When I represent a buyer in an REO transaction, I make sure he uses a better, cheaper and more reliable attorney than the seller selects.

If you buy FHA you should have a pretty reliable appraisal so may be protected.If it were me I'd pull the sales history on these places and see how the values fared with the general market over time.If this is a typical type of thing for this area then that is a good thing.

Michael Lauther, can you provide an out of state landlord like myself with a tip to find a reasonable and reliable handyman who can do almost everything?

This is acceptable to find a ball park estimate, but not reliable when pricing individual comps.

You need to have reliable people on the spot to take care of business if you intend to invest long distance.

Oh, Josh, I didn't read it that way....Yes Al, if there is other income that is reliable, measurable and can reasonably be expected to be received from a property that income will be considered as well.