Do you have a contract and collect rent separately for each person?

@Kevin Lorick are you getting a monthly Owner Statement showing how much they collected and what was deducted?

@Patricia Via you do NOT have to accept cosigners, so if occupant can't qualify on their own, you can deny for income.The #1 question with cosigners is - how can you collect against them?

They will think you are running a tenant screening/tenant application fee collection scam. 

The reason is for that amount, that's all the attorneys would do on a contingency basis, and they only charged a fee if they collect on a lawsuit, The customer then asked if I would pay him a few dollars instead.

I pay 4000 a year in taxes for a brand new single family home I can only collect 1100 a month on....4 months of rent to just cover property taxes,  insurance is another 4000k.... that's 8 months gone.  

They collect a month of rent and then walk away, whereas a property manager has to deal with that tenant for the next year.

This of course, would need to be defined in their lease agreements and would also require more work collecting those payments.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Goals - looking to expand/grow and move out to the next hack or hunker down and collect cash flow?