However, what they don't realize of course is that this limits the possibility of a purchase to cash only for an investor because many lenders will not lend on a vacant property.  

I think the price they paid is not really material here because at the end of the day, they own the asset now and will be looking to maximize profit and limit holding time.  

You can tackle the smaller ones first to ensure your DTI is within underwriting limits.

FHA 203 limited loan.

Say it with me.Monkey power!

We'll see how the inspection goes,  or as was said at my old power plant job- As the Turbine Turns. 

It has a Gary mailing address, but there's a different school system and the values of real estate are higher than those inside of Gary city limits. 

In Eastern Europe there were bathrooms in homes where the entire floor (plus most of the walls) was tiled like the shower, leading to a drain in the middle of the bathroom, meaning a shower curtain is a matter of preference (some people like to keep the steam in, or might have bathroom electronics out on the sink, but it's not considered "necessary" as it is in our "standard" bathrooms), so this isn't even necessarily limited to folks from the "3rd world."

I would think rents would be somewhat limited, vacancy would be high and it would be hard to find long-term tenants. 

Thanks to everyone,I use TenantReports.com - but you will still be limited to a scoring model similar to what you have now because to get full credit reports you have to submit to (and pay for) an office inspection where you keep application records.Tenant rental history is checked in a number of ways to be rather thorough.