It is a shame you didn't post this a few days ago ... just yesterday we all met up in Culver city to go through pools of notes to practice analyzing them ... total cost of a full day seminar: $20.

It has a fenced back yard and I installed pet friendly flooring/etc.

REITS are typically pooling assets to buy A type properties for more yield and some growth.  

If you choose a "no pets" policy for your properties, you are limiting your pool of potential tenants by half right out of the gates - before any actual screening has been done.  

There are a number of things that can be deal breakers for a large pool of potential customers and not having a bathtub in a home is certainly one of them.

We make money by pooling managers and maintenance so your 1% would get eaten up pretty quickly in excess employee waste, it's tough to hire a 28 hour a week manager.  

If you have a no pets policy you are automatically eliminating 30% to 40% of your potential tenant pool.

Sounds like you are looking for a better tenant pool and are willing to pay more.

The building were an auto repair garage, a pool hall, and a remodeling business.

I also try to talk with investors, developers, and agents from my area to sponge up whatever useful info i can.What I am currently trying to accomplish is trying to find the right market for me, i have been searching in my backyard as well as across the country.