You should never buy a rental property based on projected appreciation neither on cap rates alone.You need to look at the actual NOI based on the books, and take into account:- the additional operating expenses that may occure after the transfer - the vacancy rate - the improvements quality, age and condition (calculate the replacement or repair costs over the next 20 years)- the accrued property taxes liability you will have to carry after the transferIf you take into consideration all these factors, i bet you won't find many properties with positive cash flow after debt collection and taxes

We're matching homeless people with people-less homes," he said with a grin.Rameau and a group of like-minded advocates formed Take Back the Land, which also helps the new "tenants" with secondhand furniture, cleaning supplies and yard upkeep.

Better quality "tenants" I understand that a high number of these buyers walk away from the deal.

I use a clean logo and title, and basic contact information (phone, website, etc.).

We wanted to give a single mom a break and look past her credit and aparently common decency was not one of her strong qualities.

My lease says that the tenant is to keep the yard clean, but tenants often don't do that.

Late fees, fines/citations, water/sewer, and finally rent.As an aside but related... we implemented a rigorous move-in, safe and clean, and move-out inspection system that protected us 100% when standing before a judge.

Let's see: Exercise the dog, rake the leaves and trash up, do the dishes, clean the house, do the laundry (including changing and remaking the beds) wash and gas up the van...Oh, a biggie---get my computer to work better and faster.

But that might be the other part of this problem: quality tenants.

You do have a good point about them being kept clean and properly cared for.