The vast majority of the time, I have found that tenants already have an acceptable plan in mind.

Again, I think you're thinking about how the market was a couple years ago, which is vastly different than it is now. 

@Justin Ericsson  I was just commenting on the vast difference's between the markets when it comes to rentals and the tenants there is no question that SEction 8 in the mid west is a key component to the stability of the market place with out it.. 

That doesn't mean everyone of them is a bum, but most of these people are kids living with room mates working at Walmart or Dicks Burgers, and the vast majority of them turn out to be felons. 

Contractor will bring no capital to the deal but what he/she will bring is a bounty of knowledge, an array of vendors and a peace of mind you can't find on craigslist. 

There is a lot of reason that hundreds of thousands of people prefer to live in the city than the suburbs and the property tax rate is not one for the vast majority of them.  

There is a vast selection from the 'condotels' to single-family homes to choose from depending on what direction you want to go.

-While the typical owner states  "we plan on holding the property long term", the reality is that the vast majority of home owners as well as investors do not. 

With all of this, a vast majority of properties fail my investment criteria, especially in today's hot market ... most, but not all. 

That feels like the vast majority to me.