Items included in this would be welfare/cash assistance/child support/TANF then minus expenses she claims like childcare etc but you can ballpark it until you get thee official amount and then back adjust the tenants ledger to reflect the correct amount.

Some of these are FSBO but a lot of them are represented.My favorite so far is the pic of the bathroom, and you could see the reflection of the guy taking the picture, naked, in the glass shower door.Had no idea there was actually a blog of this.

When I read that, I immediately think they must be working in the deep South, or FL or somewhere where the median home cost is under $100k.My belief is that if I am going to put reasonably high quality cabinets, floors, appliances and trim into homes, shouldn't my profit reflect the extra investment in materials and extra time to do the finishes?

One option -- if your previous two years of tax returns don't accurately reflect your income -- is to revise your tax returns to be more accurate...  :-)

Even though we reside in Canada, we simply modified our documents to reflect our local/regional by-laws etc.We already own one SFU rental property and we are considering a second SFU probably sometime  in the next six months as the extra cashflow we are getting from this rental unit is enabling us to put away more money for more downpayments on more properties. 

@Gerry RaeThere is a thread herehttp://www.biggerpockets.com/forums/93/topics/1847...Arizona RegsDisclosures in a Transaction:In accordance with the Commissioner’s Rule, R4-28-1101 (B), a licensee participating in a real estate transaction must disclose in writing any information the licensee possesses that materially or adversely affects the consideration to be paid by any party to the transaction, including:Any information that the seller or lessor is or may be unable to perform.Any information that the buyer or lessee is or may be unable to perform.Any material defect existing in the property being transferred.The existence of a lien or encumbrance on the property being transferred.In accordance with the Commissioner’s Rule, R4-28-1101 (E), a licensee shall not act directly or indirectly in a transaction without informing the other parties in the transaction, in writing and before the parties enter any binding agreement, of a present or prospective interest or conflict in the transaction, including that the:Licensee has a license and is acting as a principal.Buyer or Seller is a member of the licensee’s immediate family.Buyer or Seller is the licensee’s employing broker, or owns or is employed by the licensee’s employing broker.Licensee or a member of the licensee’s immediate family has a financial interest in the transaction other than the licensee’s receipt of compensation for the real estate services.In accordance with the Commissioner’s Rule, R4-28-1101 (F), a licensee shall not accept compensation from or represent more than one party to a transaction without the prior written consent of all parties.NOTE: The above listed disclosure issues reflect only those requirements in the Commissioner’s Rules.

As a whole if a sale price for a house around here reflects the condition of the house and is accurate it will sell. 

The ROI will be reflected as to risk after these areas are considered.

"To give you the price you want, adjustment is needed with the terms...If you demand these terms the price needs to reflect it."

I agree with a lot of the comments here - that no credit is not as bad as poor credit.In our screening process, we have built "no credit" into our scoring system:They score nothing for the category "credit score"But they get a high score on "payment history"These sort of wash each other out, giving the applicant a "neutral" score that is then influenced by other categories.This has seemed to work well for us overall, and we don't have too many problems with people who don't have credit history - it is often a reflection of good budgeting, especially in older individuals.