Not the word I would choose.

What are the most important factors when deciding who to select as your tenant. I know income and credit are important, [LINKS REMOVED]

Looking forward to hearing what you think.

Thanks!

You'll have to decide what risk tolerance you are comfortable with and how readily available other sources of cash are if you really needed it in a pinch.I close in 2 weeks on a duplex that has been redone in the past 5 years but the home itself is 100 years old... still not sure how I'm going to play the cash flow as I'd REALLY like to be aggressive for the next 5 years while prices are down and money is cheap.

If they don't, I don't feel comfortable putting down the deposit.

However, since PM controls the rent payment, he can deduct $500 from rent if he so choose.

Let them know what you are doing & ask them how their underwriters would need the "deal flow/documentation" to be with the buyers option fee/your assignment fee.That way you'll know for sure & can let the buyer know that they can use that specific M. broker when they are ready (win-win-win).Let the M. broker know you'll be referring all your buyers to them when they are ready to buy & possibly for credit repair services (if needed) before then.NOTE: You might get one (or more) M. brokers telling you that "there's no way do that"... just move to the next one & you'll find a few to choose from.Basically, it's the underwriters that will determine how they need it to be documented so it will count for the buyer when they buy.Hope that helps,JvM

Set the criteria you are comfortable with and screw the ones that don't bite because they don't meet it.

If you really don't feel comfortable in the area, I don't think you should do it.

I know I would not feel comfortable in a partnership where neither one of the partners would be able to monitor the situation.

One problem I am seeing is that there is no way to reconcile the prices in the area with some of the rules of thumb used on BP (i.e. 50% and 2%).I'm very comfortable with the analysis of potential investments, but I will need some help with the expense data.