Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio.

Should I also call the tenant's previous landlords x 3 to ensure positive rental history?

There are limited options there.  

I would require renters insurance and make it easy for them to purchase providing online options and suggestions to add to their car insurance, etc.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

If sales price is 400k and I want 75k cash but tenets only can provide 15k, what are my options?

If you ever want to connect or be a part of our meetup (free online and remote options) on RE investing, let me know!

OBX is a great place, but it will take a very long time to be cash positive based on its current pricing, management fees and the short season.We were going to also use it during offseason but its just a pain to get too.

Originally posted by @Jason Staine:We are open to both options.

Eviction should be the ABSOLUTE LAST OPTION.