If they look bad I ask for a reduction in price.

  (1)  Cash Flow; (2) Principal reduction on mortgage each month; (3) Depreciation; and (4) Appreciation. 

If they're serious, then they'll need to agree to a drastic price reduction for someone else to buy their problems.Otherwise, if they won't agree to any of these, or other options you come up with, then THEY WILL FORCE YOU to terminate your listing agreement.Good luck:)

You can begin by weighting factors of each property condition to a whole rather than individually.

My new tenant has offered to clean up snow on the sidewalks, parking lot driveways during the snow season for a reduction in rent.

I know that comes after offering, but if you are surprised you could ask for a reduction if everything is at the end of its life.Kitchens and baths I generally guess the actual age by the  style, and add or subtract based on the wear and tear from its use. 

I can see how Section 8 would be great business model (tenant risk reduction) if you can get the numbers to work out.

So you'll have to weight the risk vs rate that you can get.

Brian G.This is why the W-2 income is so important when just getting started -With most rental property price points -  and since you have good credit, money in the bank, and no debt - you could qualify for a mortgage with a decent part time job at Lowe's or Home Depot -- W-2 income will carry a ton of the weight you are struggling so hard to lift and make financing the property pretty painless...  

If you don’t have a strong enough why, you’ll lose sight and get distracted and have unrealistic expectations of what real estate is suppose to do for you and you’ll get bitter and move on to another life preserver with lead weights in it.Having your license is great!