This was the criteria I used (it's heavily based on the Best Ever Syndication Apartment book written by Joe Fairless):Criteria UnemploymentGet this information from Census.gov under the “Selected Economic Characteristics” data tableCalculate the unemployment change over a five-year period using the unemployment percentage for the city for the last five yearsIdeally, you want one that is decreasingA low, stagnant rate is acceptableA high and/or low increasing rate is unfavorablePopulationBoth the city and MSA population data can be found on Census.gov The city data will be under the “Annual Population Estimates” data tableThe MSA data is located in the “Annual Estimate of the Resident Population” data tableCalculate the population change for both the target market city and the metropolitan statistical area (MSA) using the population data for the last five years for the marketAn increasing population is idealA stagnant or decreasing trend is unfavorable, Especially if apartment supply is on the rise Population AgeFind this data on the Census.gov website under the “Demographic Characteristics” table.

After 13 great experiences in 3 units, I had 2 CNA tenants trash a unit in 3 months, left evidence of drug use, smoked in the unit, had an unapproved pet poop and pee on carpets and in the bed, damaged or stole several items and shorted me on the last month's rent. 

Be careful with the companies that supply you leads and mentoring. 

You might check out office supplies stores for a pre-written lease and us that as a template.

Who smokes?

I am doing a rehab, just some rework for the kitchen, a few added items and required smoke/cos and just electrical is $4500.

as far as inspections vash is no harder than any other, many cities require inspections anyway for rental occupancy by local codes, standards are the same, smoke detectors, locks, GFIs etc

You could easily have someone smoking, bringing pets, throwing parties, etc. in your rental.

It's job is to keep constant pressure on domestic water supply to eliminate water hammer effect of on/off demand.

So back to supply and demand