@Juan Alvarez make sure you are looking in B class areas where the tenants have stable employment.

Despite the entire thread on the negativity of owning C class properties.

What class of property?

The property is in an A class area, right across from a nice school.

We own several single family homes in a lower-middle class market.

I started denying rentals to certain classes of tenants that I have had problems with. 

Between classes, local association fees, MLS fees, and broker fees, your looking at $1500-2000, and a decent amount of time to get started. 

For your class C property you are referring to, those tenants will likely be the worst hit.

Think M0, M1, M2, M3, M4 and credit touching various asset classes. 

So at this point I'm going to keep doing exactly what I'm doing because, being honest, and treating people fairly, and transparently has thus far, been working for me in what is consider to be a tough asset class to run.