The cash flow might not be as good initially but the returns over time may actually be better and the extra expense up front will be worth avoiding the trauma of dealing with extremely low end property and the issues that come along with this asset class.

It means you can't reject an application based on their source of income, as long as it is legal and verifiable.

Cons: The initial paperwork which I thought was a bit excessive. 

But cash on cash does play a purpose, plus it’s an easier and quicker way to analyze something initially.

@Joel Fischer Typically the contesting of an appraisal would have to be initiated by the buyer.I'd be hesitant to add solar to a house you plan on selling as a means to get more at the sale.  

It is beach house which clouded my initial judgement, but there is too much that smells fishy to move forward. 

Thanks for the post @Laura YatesBased on my initial research and scouting of the Charlotte market, that has been my impression as well.

Your best bet is to call the local PD and have them come out, verify with a walk through that the tenant left, and get a police report to verify that for your records. 

I have looked at fundrise and its underlying initial project.

So for some, owning an asset that produces $100 - $200 per month in cash flow with no initial investment is fantastic.