The two biggest factors here are having the right team in place to do the work and maintaining quality communication with said team.

If both those answers are YES then the last questions would be can you hustle and how long can you maintain that hustle?

My concept was to try and locate (perhaps the local recruiter idea is worthy) one local company in the tech or bio med/chem field as they are very pervasive in this market.I would then work with them on a more exclusive basis in order to better maintain a more qualitative and responsible single tenant who would perhaps be more diligent inasmuch as they would be the exclusive lessee/renter.

I have no extra money to put into the house with my expenses and the house needs some renovations in order to increase in value and to be maintained. 

It's significant to note however, that you managed to maintain 48.4% of votes to posts ratio which clearly reflects the quality of your feedback.

Irs allows you to depreciate a car over five years we all know It can last much more than that especially if you maintain it.  

I believe there may be some additional stipulations with short sales regarding the time-frame frame for which the agent/investor must maintain ownership before resell. 

Hi   @Erika Stokes -- there are a few other forum discussions that cover this topic and have great info. 

By following a disciplined guideline such as this, you never buy trash properties that run high costs, you never buy excessively costly properties that the average american cant afford to buy from you if you chose to liquidate, and you maintain a profit margin of your desired end point.Obviously as well, you can tell that you are more limited in the types of properties that you can buy, and where you can buy for obvious regions, but in higher populated regions, rents are always more expensive simply because of supply and demand.

You can drive around town and see what homes are not being maintained, you can view court filings, foreclosure filings, vacant homes, divorces, but there is no list that anyone has that can be passed along.