Your ideal rental will tend to be the more bare bones starter house without the granite and cherry.

I know seller will look at her on paper like a bank ie BK and crappy score but she dose have a compensating factor of $150,000 in the bank. and no she dose not want to use that to come current just to have the most underwater house on the block.

Another thing you need to factor in the out of state investments is the extra cost of flying down every now and then to check on your properties.

What are the most important factors when deciding who to select as your tenant.

As I am certain you know, there are many factors involved and I would have to believe that a market strategy would be relative to the particular place in the market where the home fits.

Not ideal... but if it were me, I would insist that the price be adjusted accordingly.

My goal is that the seller gets 97% of appraisal, not the customary 87 - 92% of appraisal, after factoring in agents fees, closing costs, sellers concessions and possible price reductions.4.

My first thought was that I would have to paint it a neutral color (probably white), and I made my offer with the cost of painting factored in.

I agree with Ryan,I deal in lower income areas and my cream of the crop are 2/1.. mostly single mothers, 1 or 2 kids, the 2/1 work perfect.

I deal with situations like yours on a daily basis.