City code inspection for the door it should properly close and lock and be secure, as far as carpet, cleaned is clean, so old is old but if no rips or tears or bald spots landlord can keep it.

Anything we have in our lease must be in the codes or we can not inforce it.

Google search "Poorest zip code in StateName," find out who is doing those mortgages, and call them.One possible way being just to call the listing agents of the $60k listings in that zip code and say "hey Agent Bill, I'm looking at your listing at 123 Main St but my lender will not go that low in terms of loan amount.

Code violations and eviction lists

brochure on renter's insurancemaintenance request formsmove-out notification formForm with code to common laundry room"how to get your security deposit back" form that details how the apartment should be cleaned upon move-out and our charges for common damagesMove-in/move-out checklist. 

I, too so agree as to making sure all renos and appliances are new, updated and code compliant. 

I fully believe Kent is a stand up guy and his system works for many people, however, I have found more success in contacting my Tax and Code Enforcement offices for my leads.

Of course, with rental properties you should always have cash set aside for situations like this...over the years you unfortunately will come across evictions, loss of rental income, new roof, code changes etc.I'm assuming you don't have cash, then credit cards, 401k loan are other options, if you're not getting approved for a rehab loan.Good luck and welcome to BP!

You also want to know what the building codes are, set backs from neighboring houses, what is needed for landscaping and sidewalks if those are issues, etc. 

I got a bunch of Census statistics and the January Zillow Price/Rent ratio for every ZIP code in the country.