In addition, you might look at this thread if you are still considering investing there as a counter perspective to what has been posted.Obviously you can make up your own mind.

I don't believe the 5000 sqft factors in even if trying to squeeze in additional units.

Thankfully had flood insurance in place on our rentals, in addition to regular policy.  

I'd wave the screening fee. if they meet everything except income criteria,, then ask for additional security deposit.. paid over 30 to 60 days.. 

., or in the case of automatic deposit, the OWNERS bank account information will be provided to the necessary party to accommodate the deposits.OWNER acknowledges receipt of the First Month's rent of $800, and a Security Deposit of $800, and additional charges/fees for ____N/A__, for a total payment of $1,600 at least two weeks in advance of the effective date of this Lease Agreement.

It's like a cult.The biggest problem I have with MDF-based laminate is when you have kids and pets living over it.

You don't want to be tripped up on this and ruin a great opportunity.I know this was a lot of information but feel free to ask additional questions if needed. 

I am 39 yrs old now if it matters:-)I have two very young kids and I am not a DIY handyman.

Large families with kids were routinely flooding the floors. 

I watch those markets in addition to the ones in Richmond because there are not many MFR near me.