The exact same people who say new-age politically loaded  terms like "predatory lending" are the exact same people advocating the federal backstopping of  loans to everyone regardless of academic qualification,  or the desired course of study.  

Plus you are going to need to look at the age of the roof, age of the water heaters and age of the boilers.  

The best option is always to talk to other investors in your area, with similar deals (age, units, condition) and get real numbers, or to review the financials from the owner, if they have any.

The application asked for my age.....TWICE3.

I’m 24 years of age and currently reside in Roselle, NJ.

The likely hood that the tanks leaked is pretty high if they are of any age. 

I have had a great experience in starting this way since the rent check nearly covers the mortgage so I am living nearly mortgage free at a young age.

Our blanket policy works well for us with a housing shortage we are experiencing so there is an endless supply of qualified applicants that do not have any records or have ones that have aged out.This is just a prospective from a landlord’s perspective what you can understand where they are coming from and for other landlords to consider in their decision making.LANDLORDS: If you do not have a written policy, you could find yourself and your company in jeopardy.

As I age and mature (not to mention have kids) I'm getting more and more focused on FOCUSING.  

I'd still add in $20-$40 monthly escrow for Capital Expenses, depending on appliance and water heater age.