I am very conservative so I want to be careful in how I frame expectations. 

It grabs attention, gives potential guests an immediate sense of what sets your property apart, and helps them imagine staying there.

He has millions of dollars invested in his property and must be extremely careful that he doesnt't rent it to a person who is a crazy failure.

So first, I'll answer your question then I'll tell you what I would do if that matters or you care.1) I don't see a need to choose one or the other. 

Be careful with flood zone properties.

People who get evicted could care less about a judgement or the collection process. 

Pros - guaranteed rent, tenants stay longer on averageCons - more mgmt needed (lease violations), they tend to not take great care of properties (increase maintenance expense or deferred maintenance)

Rehab Loans do not generally care about your DTI or your income.

Still have to be careful though, with the block-by-block challenge, depending on the Class of Neighborhood.Also, be sure you understand the difference between the City of Detroit and the suburbs!

Quote from @Amy Smith: Be careful you don't get in too deep.