Personally I'd concentrate on monthly rent multiple, and it doesn't get better than 7x.Q2 - You could collect multiple application fees and process the whole lot, and then run a beauty contest.

Beautiful country!

To add on to what the others are saying I would suggest that a buyer who has no money for closing costs nor down payment isn't a serious buyer.Asking for down payment assistance from seller is a bit of a red flag to me.

I'm going to Staples to get yellow paper printed with red font does the font color matter for marketing purposes or is black & white ok?  

One big red flag was the basement was all wood, and had a leak in the basement wall. 

Beautiful dog! 

Or buy a video.For more information, reviews, and registration links, go to my website and click on Distressed Property.Class schedule:Birmingham - Saturday February 11 from 8am to 11 am at Country Inn, 485 Wildwood Circle N (Homewood/Lakeshore area)Huntsville - Saturday February 18 from 8am to 11am at Baymont Inn, 122 Cleghorn Blvd (Madison)Mobile - Saturday March 11 from 8am to 11am at Springhill Suites, 3655 Springhill Memorial DrBirmingham - Tuesday March 14 from Noon to 3pm at Country Inn, 485 Wildwood Circle N (Homewood/Lakeshore area)Tuscaloosa - Thursday March 16 from 8am to 11am at Marriott Courtyard, 4115 Courtney DrFoley - Wednesday March 22 from 8am to 11am at Holiday Inn Express, 3155 Abbey LaneMontgomery - Monday March 27 from 9:30am to 12:30pm at American Red Cross Building, 5015 Woods CrossingClanton (in the center of the state, at I-65 exit 208) - Thursday March 30 from Noon to 3pm at Clanton Inn, 946 Lake Mitchell Road.

It's sunny and beautiful and there are so many investment opportunities.

This doesn't fit the situation you described exactly, so it's still a bit of a gray area, but here's what I found:  Mixed-Use Properties- Properties that have a business use in addition to their residential use, such as a property with space set aside for a day care facility, a beauty or barber shop, or a doctor’s office are eligible per the following:  Property must be a one-unit dwelling that the borrower occupies as a principal residence  The borrower must be both the owner and the operator of the business  The property must be primarily residential in nature  The dwelling may not be modified in a manner that has an adverse impact on its marketability as a residential property. 

Quote from @Curtis Brown: If it rents for $2,400 and all your expenses are $2,140 then that leaves you with $260 cash flow and is a good deal.Nobody can predict the future but there's plenty of red flags concerning the economy.