Your best bet is to screen your prospective tenants to the best of your ability and hopefully weed out future headaches.

That being along with all other prospective renters who meet our minimum criteria to rent and apply.If you have the ability to do a quick internet search of court records for your municipality (or another if she has lived somewhere else), I would do that.

The numbers on the duplex are as follows:Purchase Price: $60,000Appraised at: $80,000Remaining Mortgage: $45,000 at 4.625% for 14 more yearsMonthly Payment: $370.28The purchase price of the prospective property is $73,000.

Hi all,I have a prospective deal in Dallas, TX.

Is it advisable to at least fly out and have a look around a prospective city?

In R-1 District, neither public water supply nor public sewage treatment shall be available to lots used for Manufactured (Mobile) Home Residential.R-1 is where the prospect deal is located, and AA is for agriculture district.What do you think?

Hey BP- I'm a new prospective RE investor, have done my research and have capital to deploy, yet to do my first deal, but looking in Rochester NY, as Jake&Gino referred to it as the "cash flow capital of the world". 

But it's only been 8-months with the second tenant so I can't guarantee anything.Three reasons I may want to hold on to it: 1) it has appreciation prospect (better than the 60-70k SFH portfolio in Birmingham IMO). 2) The lease is till October, so I can't sell it to a homeowner currently. 3) it has a pretty big lot that I can potentially sell to a future investor for subdivision.Three reasons that I may want to 1031 exchange: 1) get 135k cash after commission instead of 100k, and no negative cashflow subsequently 2) reduce the number of markets and PM of my portfolio, so that I can focus more on one market (I want to stay passive with my full-time job) 3) get out of it before major expenditure hits (don't think it's going to happen in 4-5 years though)If you were me, what would you do?

As you get into Kaysville and Layton, there are more reasonable (mid-level) homes, and then further north you'll find much cheaper housing prospects in Clinton, Clearfield, and Syracuse.

We have a proven system of underwriting for prospective tenants.