I would assume most RTO tenants vastly overpay for the option on the volatility basis but it still seems risky.That is not to say I don't see benefits as well esp. for NMD strategies such as having a tenant probably take care of the property, collecting a premium even if you don't sell and greatly increasing the pool of buyers but I am definitely curious how much better this would be than just buying cheap and renting the property straight away because you get the rent and the appreciation. 

The only way to do it properly is to "wash" the meth off using special cleaners.I can do a cheap test for about the same price as you do but it doesn't make the property an "official" meth house unless you hire an IH and the IH performs the state protocol testing regimen.  

Cheap and easy.    

Do not cheap out on a roof, put architectural shingles on and get it over with. 

Now.. if you have been to Buckeye AZ, you don't often see people renting an apartment unit as the rents are relatively cheap for a single house. 

The one I have been using is cheap but not good, so I am not going to share their info.  

There's really not that much that's "cheap", or if it is, you'll find yourself in the ghetto.  

On the other hand, being cheap is minimizing the short term cost at any cost, without consideration of the long term benefit or cost.Lets take the example of Ramen noodles ... are they cheap?

The price there or at Communication Hills are not that cheap either.

My line of thinking is that people looking for this level of house are payment-oriented and want to see that this will be a cheap house if they can get a reasonable loan through a bank.