I never rented to college kids, tenants with pets, and I generally took time to really do a quality background check on every potential tenant.

I have a pet peeve about people who call me and ask, 'who is this?'

Also as he is living alone with nobody to help, lets say they leave the stove lit and forget, i dont want the house to be burned down.I have no idea about their health profile, can I ask for that.

It is a common space for people to enjoy the view, walk their dogs, etc.Now they could pet my donkey!

In 2002, the Pennsylvania General Assembly introduced Senate Resolution 171 and House Resolution 434, which urged the Health Department to form a task force that would assess mold and the issues associated with it."

I'm pretty new to this forum and investing in general but if that were available in my town I'd "rinse and repeat" like you as often as I possibly could... that's similar to buying a house here in LA for $350,000 and grossing $8,000 in rent...I'd go out on a limb and say it's nearly impossible to do here.... if floating the rent between vacancies is a hardship, I'd sell it, buy another house and continue your proven strategy.... someone with more experience than me can probably help you figure out how to leverage the lower priced units in time for higher priced units that may have larger appreciation possibilities for long term portfolio health.

@Ginny Watson After going through the headache of cleaning up after pets why would you allow your next tenant to have pets?

jermaine here, don't let that piss you off lol, when thay move just take some pet pee neutralizer and spray the area.Or even better do it while thay are still living there.

For example, let's say you require 3x rent and don't allow pet dogs or past evictions.

It's common too for sellers to carry back equity, but you'll still need a down payment on almost all deals unless the seller is really motivated and can't unload it, like health issues.