I’ve had good results but am certainly open to optimizing this.

Once you have filed, they owe you the court costs and attorney costs if an attorney filed the paperwork, so make sure you collect that in addition to the rent.

It is also against regs to collect first/last and security.

So, to rank them best to worst:1) 3-4 bedroom property in your neighborhood you can buy in distressed shape and fix up yourself2) 3-4 bedroom property in a decent neighborhood within 20 min drive, or 2 bedroom close to you 3) 2 bedroom in a decent neighborhood within 20 min drive4) Condo5) Property in a high-crime area where you would not want to live, or drive to do maintenance/collect rentIf you plan to use property managers to deal with the tenants and contractors for the work, the situation will be different.

@Colin Johnson, I am looking into this as a strategy as well but am data collecting and analyzing at the moment. 

@Nathan @Nathan Hughes I think that a collection of these post is what you need to look at.

Lately, I have been working on one of my side projects, creating a data warehouse and collecting information about US demographics from the Census Bureau, Bureau of Labor Statistics, Department of justice and other various systems.

If I have a move in, it also states that new tenant will be on the SD settlement check and that it is again between them to handle collection from the new tenant.

So far I have collected 3 months rent from my inherited tenant.

Managing tenants - screening, interviewing, discussing rent collections, etc.3.