*no legal advice follows* Make sure you have them sign a liability waiver *not legal advice*.Whatever you do, don't let a deal that fits right in to your portfolio get away because of a tenant.

Imagine:1. no a/c--it broke two years ago and no money to fix2. no car---uses bike to get groceries, etc3. not old enough for SS4. no steady employment5. no insurance on house--maybe a couple of different reasons but cash is certainly one of themThis is a perfect candidate for either buy and hold, or buy, rehab, flip.

BP Podcast Episode #200 is perfect for you.

(In a perfect world, anyway. ;-)

Efficient, cheap, and perfect for a single room.

If the unit is a rental and you don't want to spend the money to refinish the floors, sometimes you can get away with a buff and coat, depending on if any other contaminants have been sitting on the finish, such as floors being previously waxed or furniture polish that has remained on the floor when the previous owners were cleaning their furniture.

If you wait for the perfect time you will likely never do anything. 

Kenneth McKeown oh perfect!

More update - So I finally approached UW's manager and made a complaint on DTI calculation so late in the process, like 8 weeks after the "credit approval"...Got a long email back from the manager, basically saying their procedure is perfect...Nothing to improve on...

I guess 8% is the magic number :-)I was afraid of passing on a perfectly good deal when using 10%, but I agree - if I could use 10% across the board then I would know it was a home run giving me plenty of room to adjust later.