Once again, if you ask 10 people for their investing criteria you'll get 10 answers, but over time you'll develop your own criteria based on what's a good deal for you in your particular market.

So in theory it can't be a LTR if we move out someday, but a lease naming a tenant as "manager" probably gets around that.I've thought a bunch about how to improve the property's cash flow, and there's lots of marketing and operational low-hanging fruit before we get to capital improvements. 

After everything was said and done I gave a verbal offer of 150k and followed up with a tactic of Letter of Intent having three offers.

In other words, purchase price below market value, creating equity on day one?

Study the market.

The credit committee is usually made up of local people who are familiar with the market they are in.

Yes, investing in Ohio's market is a good choice and my clients from all around the world would agree if you had any questions, please feel free to reach out!

In today's market, with low foreclosure discount compared to past buyer's markets and a lot of "motivated buyers", the risk/reward ratio keeps me far away from the courthouse steps. 

To the housing providers in Pomona ...how can we teach the Mayor & City Council of Pomona about the economics of and business fundamentals of providing our products to the market (housing)?

Especially right now, when it's such a strong sellers market.