Someone will rent on the cheap and leave In good shape if the deposit is sizable.

In my opinion, this is not a cheap list to market to, and it takes multiple mailings over as long as a year.  

There was a fair number of cheap houses around but we were too broke to afford a down payment. 

Hi fellow BPers! My neighbor here in NC has the opportunity to buy a 10k home in Toledo, OH. It is currently rented for $495/month and the same tenant has been there for a year. He knows the area is rough, and he want...

I don't do it, because it is more management intensive, and most of my rentals are cheap 2 bedroom homes.

Jermaine here window screens are not as expensive as most people think Lowes and Home Depot have screen kits that are pretty cheap that you can put together in about 20 to 30 minutes depending on the size of the window,in my opinion a house or apartment with screens on the windows looks aesthetically better and replacing all your screens is definitely cheaper than a tenant turnover

Nobody in LA can build that cheap, or the finish needs to be ripped and changed by the new owner. 110/sf is for town houses that everyone  wants to rip out the cabinets to put their home depot stock on. 70-90/sf on soft costs, and 150/sf on land (say a 1200 sf is 180k). 

When you get married do it on the cheap.

If you think you can get away with just paying per deal, you are telling the world that you cant afford to do this business or are just cheap.  

Cheap skate when buying but doesn't cut any corners