Criteria can include location, population growth, job diversity, amenities, desirability of bedrooms and bathrooms, size, and comparable rents in the neighborhood.

Minimum loan size is $1,000,000. 

I know Cedar Neeley over there pretty well and they are one of the only lenders I know of doing loans of this size. 

Just lay out the rules on pet size, breed, and how many pets are allowed.

The chart above would be better if it had the 10-year rather than 5-year treasury rate but the thesis is the same.

See the chart from Fair Isaac Company (FICO) below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyAccording to this chart, investors should use corresponding vacancy+tenant-nonperformance factors of approximately 5% for Class A rentals, 10% for Class B and 20% for Class C.To address Class C payment challenges, many industry "experts" are now selling programs to newbie investors about how Section 8 tenants are the cure.

That sort of leaves more boutique, middle sized, local managers. 

It's not a one size fits all situation.

Turnover cost varies greatly with the size and type of property. 

Single family homes, with a good size lot, no HOAs are primo.