The point being: it can be just about any size you want.  

Do you have a full tenant screening system yet?

I would use all 3 plus look at properties currently available for rent that are similar to what you are trying to comp (3 bedrooms/2 baths; similar condition; size; etc). 

Screening tenants well and then a security deposit or credit card hold process in place will limit liability.

It is a 6 bedroom and while I see a couple of sales in that 1.6 to 1.8 for 5 or 6 bedroom in that size, that seems to be few and far between.  

They said they have a solid list of criteria to screen tenants, but they placed a tenant who stopped paying last July.

Midnight drunken brawls happen, but are more infrequent then you might guess depending on your screening. 

The ideal home price for you will depend on: 1) downpayment size 2) risk appetite, 3) preference for more cash flow or appreciation.Given our price points, our investors need to have 35-45K to start, on average.The typical cash-on-cash return on our properties net of loan payments, insurance, taxes, and property management fees is 6-8%.Ultimately, you can obtain financing from any lender, although we have partner lenders that can provide very competitive rates.

If my husband and I were to start over again we would buy higher quality assets and not be focused on immediate cash flow and unit count like we were when we started this after exiting a fairly decent sized small business.

This question is definitely very location dependent - licensing across state-lines is a tricky thing to navigate so depending on the size of the lender they may operate in one metropolis or all over the country.