The bank will perform an appraisal on the property.

Here are the reasons why investing in Orange County makes sense: One of the lowest unemployment rates in the nation, A broad based economy, High demand for housing, Perfect year round weather.High median incomesWell educated workforceAbundant opportunities for higher educationFirst class medical facilitiesAmusement parks, recreational opportunities, sports teams and so much more!

I personally have a condition addendum that clearly states exactly the charges of what everything is going to cost to fix if they don't do it,  also at the bottom it clearly states that we have the right to charge an actual repair invoice for any services performed to return the property back to the condition that it was when it was rented.  

The 50% rule is a guideline that can be used to give you an idea of whether you should put in the time and effort to perform a more detailed analysis. 

Then the tenant is responsible; you explain that you can hire it out but then you would have to charge higher rent, or you can designate that the tenant perform this and it will help to keep the rent down.Train the tenants to perform the RoundUp applications.  

Thanks for the information and I now have a better idea of how to evaluate a property's performance.

Unless you are planning to do a property turn around, which I advise against for anyone new, only buy based on today's performance and not some pro forma BS.

As far as the RE agent is concerned, some due diligence into their performance may be called for.

It generally performs better as an investment property when considering CoCR.  

I thought someone might have a list of keywords that performs well for them.Thanks, Rob