The quality is mixed, and some of the advice is out of date.

I just bought a house I am going to rent out and it has a high quality, but nicely stained PINK carpet.

Some people argue that we're too strict in how we police the site, I think it ensures the quality of the site.I owe it to all of our members who participate . . . this truly is a wonderful community!

You should never buy a rental property based on projected appreciation neither on cap rates alone.You need to look at the actual NOI based on the books, and take into account:- the additional operating expenses that may occure after the transfer - the vacancy rate - the improvements quality, age and condition (calculate the replacement or repair costs over the next 20 years)- the accrued property taxes liability you will have to carry after the transferIf you take into consideration all these factors, i bet you won't find many properties with positive cash flow after debt collection and taxes

Also ask for a reduction in your standard rate.

Better quality "tenants" I understand that a high number of these buyers walk away from the deal.

We wanted to give a single mom a break and look past her credit and aparently common decency was not one of her strong qualities.

I mean beyond the standard lease that I am sure is similar in most cases for a small multi-unit apartment building.

"Umm...well...that's standard."

But that might be the other part of this problem: quality tenants.