Will it scare renters off?

Did you use a property management company to get a renter in place? 

@Gerrit Bruni in addition to what everyone else said about terminating their lease and starting your own AirBnB, have you considered how the other 3 long term renters feel about new random people walking through their home every night?

I want long term renters that never want to leave.

If the tenant moves out and leaves $1,000 in cleaning and repairs, Rhino reimburses the Landlord or Property Manager and then goes after the renter to collect.These deposit alternatives make it cheaper/easier for tenants to move in while providing the same level of protection to you as an investor.

If and when a tenant is not an ideal renter then the investor probably wish they had the property manager in place still to pass the drama on to someone else.

I started lending in 2002 in the mid west with the birth of the turnkey industry as we know it today.And Memphis has been a OOS investor market for all those years  with over 50% of the population being renters and untold thousands of houses that are rentals I dont see it changing anytime soon..

I prefer to invest in premier neighborhoods that attract high-income renters and will likely have the highest appreciation.

Vacation to these markets, absolutely, rent something, stay a long period of time perhaps as a renter to really get to know a place,  but buying, be very careful and tread at your own risk.

I have a woman who applied for the apartment whose only source of income is SSI Disability from the government...does anyone else have renters whose income is from SSI disability every month?