be sure to read the posts on screening a tenant. 

It is all about screening your tenants.  

I'm plan on getting more consistent with it hence my introduction and ultimately active participation in the forums.I found bigger pockets a few years ago while looking for methods for Tenant screening and have been hooked on the podcasts ever since.Right now i'm seeking more knowledge in the Area of Tax Delinquent property acquisitions(Before they get to the Tax auction) and Also wholesalers who are in the Mesa area who may be able to provide some good deals for myself and my partners to flip.I look forward to much more knowledge and want to thank all of you active members for the huge knowledge base that bigger pockets has become just by having your conversations.Thanks, and Hello All!

However my target purchase price would need to be roughly 70% of ARV - rehab costs - assignment fee;  155k - 70% of ARV = $108,500$108,500 - $15k rehab$93,500 - assignment fee= MAO of $87,500Now doing the math and writing this all out, & seeing it on my screen - I have my answer. 

I know how to conquer death ;)I began investing in 2007 with education and turning off the TV.

Sleeping bags and cots, a few portable chairs and table and a tv.

If you are able to find a tenant who is staying there for the long haul and not a nuisance to deal with that would be the ideal choice.If you really feel that you priced it way too low, then I would suggest maybe telling everyone that the unit is no longer available for some reason (construction, re-evaluation of the property, upgrades, etc). then repost it at a higher price and redo the whole screening process.  

Agencies don't bother with or know how to screen without the almighty FICO.   

So, I guess it is same as any renting ... you must screen the tenants very good. 

I have seen this done on TV, never in real life.