Knowing and looking for red flags on applications and being willing to wait for a quality tenant goes a long way toward weeding out the terrible tenants as well.

That is a terrible idea that will completely set you up for potential failure as that gives your investors some kind of impression that they are in control.

Most of them will be terrible but eventually you will find good ones with great returns.

Agreed, Columbus Ohio is a terrible place to invest.

Which is not terrible either. 

Pretty much my entire county is full of super high priced homes with super high taxes and the ones that seem like the numbers could work are in terrible neighborhoods that I wouldn't even want to buy in!

Pretty much my entire county is full of super high priced homes with super high taxes and the ones that seem like the numbers could work are in terrible neighborhoods that I wouldn't even want to buy in!

Rent is high around TC but property prices are very high so I'm thinking it will be hard to get anything to cashflow around there..Prices are low in mancelona but the job economy is terrible so I'm thinking it will be hard to find tenants that a good steady income to afford rent and be reliable..

However, I was also helpful before I realized there was so much go gained by doing so, so I don't feel totally terrible about that  :)

I'm not terribly familiar with that area, but that's quite the asking price for a property like that isn't it?