The ones I own appeal to and are most often rented by single guys or divorced middle aged women with a live adult kid, typically a daughter.

From a lenders perspective, what type of business plan are they looking for or what things should I write up for him that will be appealing to the bank to relay this goal in a bank friendly way? 

Purchase: 93kClosing cost: 3kMinor prep: 3kTotal purchase: 99kMonthly income $1295Monthly expense:Mortgage: $450Tax: $200HOA: $200Insurance: $65Vacancy/repair allowance: $130Total cash flow: $250/monthI'm expecting total cash investment at $20kCash on cash: 15 percentTwo items: I am not including management expense because the reason this appeals to me is that it would be simple to manage myself.

Become an agent, appraiser, painter, photographer, wholesaler, inspector, stager... all things that might help keep the ship afloat while at the same time keeping you close to real estate and helping you network as you look for flips.I would also consider looking for joint ventures with experienced flippers.

@Fatima Champagne , something missing from this discussion is the slightly negative connotations of an FHA loan.If you find yourself in a multiple offer situation and your FHA loan is up against a conventional loan and a cash offer, your offer may look less appealing.

You'll be blown away when you see what a nice looking house you actually have and the resulting curb appeal, when you put it back as it was designed.

Take Photo's of it all.Or do both escrow rent to court and give notice.His renters insurance would cover damages, and he can try and collect from owner, I'd photograph and send him.Not fun and games if it's a repeat event.. 

@Seth Marcus When you say neighborhood characteristics, are you talking about actual neighborhoods or more about which area/suburb/city that would appeal to your type of investing?

Cracks in concrete/grout can be filled / cleaned up to increase curb appeal.

In todays market, ther are to many landlords offering great looking homes for a tenant to settle on a outdated home with zero curb appeal.