Wow, thank you so much for sharing that first hand experience with me.

If you're willing to share the address (or general location), I can provide further insights. 

Whether you're a seasoned investor or just starting out, I'd love to connect and share experiences, insights, and ideas.So, if you're based in South Florida and share a passion for real estate investing, I'd love to hear from you!

They also assume the rent-by-room option is the best way to go because they can get multiple nurses to share a home so they want to buy a larger home, thinking they'll rent out all of the rooms and make more money.

Those that respond “$0” or something ridiculous, you can request income documentation from them to justify.Don’t be afraid to share with them how much your property taxes & Insurance increased and that YOU cannot afford to absorb them.ALWAYS get an increase or something of value annually or tenants will start thinking they should never have an increase, making future increases that much more difficult to negotiate.

i am saying:-I don't know what will happen.I just get skeptical when people say that if some arbitrary threshold is reached, then something has to happen.I believe that the cost of housing as a share of income in California is more than double that of other states. 

Better to lose nearly $10k in rent (~50% of 90 day rent value) than get a risky tenant.Especially if you self manage, make sure you understand the protections provided mid term renters in CA.Good luck Hey Dan,Do you mind sharing for what reason(s) you disqualified the potential tenant?

Any insights to share ?

Mind sharing some contact info? 

I’d love to monitor the location more so please share resources and add me to your newsletters.