In 2010 I said I selected to not participate in a down economy, I see no reason to participate in one now. 

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In the past I have done better at neighborhood selection eg up and coming so it's tricky for me to do that from afar with so many regions to choose from.

What filters do you use when selecting the property you want to target in this list? 

I explained my process-application, background and credit check-- then if they were  selected I would see if I could accommodate their request or not. 

There is lots of good content here on selecting a good turnkey vendor and staying on top of things to ensure your investments perform as desired.

Suggestion: Hi Sharon, you might consider just hiring a tenant screening company or a property mgt company (just to get past the screening process), you select, or they select tenant with your input.

I like to have a couple applications so I can select the best one and then really dive in on my due diligence, sure the first person may fit your qualifications but the 2nd may fit them plus some and I'm always looking to get the best candidate not just the one that meets my minimum qualifications. 

Have you already selected a broker?

If simply trying to determine if the an investment property's price is good given the income it'll produce, comparing the Cap Rate (Purchase Price to Income) may help give a more apples to apples comparison to other investors in the area as it doesn't account for how the purchase was funded.That being said, cash-on-cash is a good way to determine if the investment your selecting is the best use of the resources (cash).