is this typical of the tenant base there?

Commercial is not typically my realm - helping a buddy out!

Don’t fault him too hard because by and Large His response is very typical of most people who share his ideology of getting paid as an employee .his thoughts on investing in real estate are solely based in fear because he is not educated on the subject and Fear comes from the unknown .

And yes @Dan Mason while properties under $50k can be found, as you mentioned those are typically the ones that are the aged homes needing a lot of attention and money to fix up.

What if you wouldn’t typically rent to this person (employment , credit score , etc) and now he’s on the lease, they split, and he’s a problem and won’t leave bc “he is on the lease”.

We are rehab lenders and typically require an ARV appraisal. 

It's typically in a written agreement that should state after move in and all funds collected.

We typically rent to urban professionals for above market rental rates. 

Paying for two closings and holding fee’s essentially is dumb.

These investors typically use industry experts to find, buy, and manage their real estate holdings.