Naturally I am betting on appreciation, but I think it is justified in this case, since the location is excellent.

While I'm not sure ceiling fans could justify a price increase in rent, living in South Texas, I can confirm it's almost a necessity.  

The biggest complaint from those who don't wholesale, which I feel is justified, is the inability to close on the property if you can't find an end buyer.

Argument was just that current rents really do not justify the price ( based on an investment, which I concede is not always the only reason to buy). 2: In Oakland there is rent control as well. 

You're advice to RobJ to break down the door on a tenant will get you arrested or justifiably shot by the tenant in a pro gun state like Missouri.

Would not be justifiable to compare Key West to such a market.

Partly because of the grief of evicting the former homeowner, and partly because there didn't seem enough juice to justify the capital and effort.I'm curious as to how you guys might have analyzed the situation.

There may be some pockets that work but probably not worth the small income to justify your time, effort or risk.Best suited for those investors seeking to park surplus cash.

If you can justify that your salary is around the industry average, the IRS is likely to consider it "reasonable."  

Do you have solid comps to justify your pricing?