Additionally, I do allocate a minor percentage of my net worth to investment with more growth potential, like land development deals.[...]Finally, what investment do you make to accomplish your financial goals?

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

In addition, I often request to visit there current residence to see how they take care of the property.5. 

That would be called a credit report and for your purposes, there is no such list.

@Bret Kingcade I’ve never heard of inspectIng a carpet with black light Were you paying a pet fee in addition to your rent?

I know other student rental investors that do not require guarantors because of the additional administrative work and they say that the social pressure of not paying rent is enough insurance.Low Vacancy - LOCATION is everything with student rentals.

Additionally, higher property taxes can sometimes correlate with better city services and amenities, which can be attractive to tenants.Cash Flow: While property prices may be higher in Philadelphia, rental demand is generally strong, especially in desirable neighborhoods.

Then houses started finding us in addition to the MLS.

Additionally, I see a third house only 18 minutes and 11.8 miles outside of my city; this particular "Open House" is Sunday 1:00p-3:00p, and it's advertised for $195,000.

Brandon,Credit score?