In Salt Lake, I try to target certain homes that could potentially be broken up to create multiple rentable spaces in the future that way you can transition from STR if there is ever a bust.

Trolley Square may be out of my price point but I am willing to take a risk on some properties that are on the Westside and potentially the east side as well due to pricing.

In some cases, landlords have asked for last 3 months + 1.5 month security deposit upfront, especially from potential tenants who have great income but have recently immigrated to the country and so do not have sufficient credit profile.

Collins, but both markets have potential for great returns!

After assessing the condition of the apartments and the market rates in our town, we realized that we could potentially get $600-650/month or even more with some renovations.In an effort to bring the rents closer to market value, we spoke with these two tenants individually and proposed a slight increase.

@Vinoth Amar I think Hutto has great potential in the future with its proximity to 130 and 79 and more importantly it sitting right next to a hot RoundRock market.

Do you have more specific numbers on these potential deals?

I also started a business (at 19) and made some money young, not $5m, but now I own 7 doors and looking at a potential 8th. 

Consider adding Ohio to your list of potential markets for rental properties.

Isn't it a big breach of contract if they let it lapse and don't get it?