At the end I was able to secure tenants, drawing in $57,600 gross a year with 0 vacancy (mind you, I only signed 2 x 1year long lease cycles, and yes, I had new tenants come in the literal next day after move-out so 0 vacancy.

@Brian Garrett you are right, David said laminate - laminate is literally the worst in my mind! 

Telling us that you're paying $320 a month on a 45K loan literally tells us nothing. 

It can literally change from street to street. 

My office literally screens hundreds of applications every year.

In west end I have evictions, Section 8 inspections, tenants complaining about being cold (when the house is literally 80+ degrees). 

Unfortunately, people can literally buy these letters online (esadoctors.com is one...), but it's one extra hoop to go through.Have a very strong pet/animal policy for those that are honest about their pets and charge a good but fair amount for pet rent.http://fhco.org/index.php/information-for-housing-providers.

Five months into a "rehab" and all he had was a burnt out shell with a smashed in door (literally, the door was on the ground and the house was open.) 

I was literally told, "But that's not REALLY what this program is for." 

So what you're buying is literally Unit 42 of The Springs, not just an item of real property.Imagine buying a lifetime supply of massages, they are not going to let you take the massage table home.I suppose they could let you out of the HOA, or they could entertain an offer from you to buy your way out, though I've never heard of that actually happening.