Ultimately, it is better to be safe than sorry and ensuring someone has good credit means they will be able to pay their rent on time and are responsible with their money!

It sounds like the only safe solution to this is putting everyone 18+ on the lease, assuming that is what I require (which in all likelihood will be the case) do you think there is still a legal issue in the making?

@ Kiara Crespo - I am going to give you the safe answer; consult a Real Estate Attorney in the market you want to invest in. 

I mean, I get the “playing it safe” aspect, but there has got to be a way to tell whether the income is UBTI, which is the second (and indelible) part of necessity for a 990T, as I understand it.

But remember, even when rented, the improvements are always added to be basis of the peopery (unless improvements qualifies for safe harbor deduction).

My renters have commented that sometimes they don't feel perfectly safe with some of the "riff raff" coming in and out especially at night.

In MA you would be required to house them at your expense while remediating to lead safe standards.

You'll want an umbrella and safe exit when it happens.

If you're willing to cut the rent to play it safe, how low do you go?

Now, the 2 bed 2 bath in Mesa in a 55+ I will soon be offering is across the street from the golf course and is $225,000 just for a comparison to the numbers you've mentioned.There is a formula for figuring a safe investment, you can use my model from the spreadsheet if you want at:Average Turnkey Cash Flow Per Door In Phoenix Metro Area No Bank Neededhttps://www.biggerpockets.com/forums/600/topics/584916-average-cash-flow-per-door-in-phoenix-metro-area