There is more diligence you can always do but stick to qualifying criteria first and then decide if you need more info to make a decision.Like you said, you have ample time to find the right tenant however that time moves rapidly if your not proactive.

Actually, I'd like to build a good list of investors that I can bring deals for the Cedar Rapids/Iowa City area.

I picked up a SFH i n 2011 for $24,900 in NE Grand Rapids.

@Michael Simmonds, the FL markets moving inland from the mid FL regions are growing very rapidly. 

If they hesitate in answering a question or answer a question with rapid unnecessary chatter both indicate a person is lying.A second interview of the possibly 10%, maybe one 1 or 2  potential applicants, will result in a application being submitted for background and credit check but by this point you are most likely screening applicants that will easily pass.

I have several areas in mind that I believe will experience rapid gentrification and make for profitable long-term buy and hold properties.

I have been focusing my search for about 6 months on the Grand Rapids, MI market, however I have been running into issues finding deals that need renovation and where the numbers worked out.

Try to have some other deals from that area in your pocket when you do call them, even if they are not your own.Unless you are in a rapidly appreciating market, the general rule is:ARV *.65 - Repair costs - your profit.The more competitive the area the higher that percentage is.

I used to be able to focus on just one task/project, but as I grow my business, I need to change my approach to be successful.For example, I am currently growing my portfolio of private lenders to grow my flipping business more rapidly, have 2 flips being rehabbed, 2 rental properties being rehabbed, and 2 evictions in process. 

I was wondering if anyone has a recommendation on an electrician in the Grand Rapids area that could help me out on some of the electrical work.