There's a beautiful balance between the two.  

Factoring in for weather (something we don't have in socal) Is a necessary step in the due diligence Nevertheless, for my long term landlording goals, I do believe that this will work.Thank you.

Pulled all the carpet out and found beautiful 2" oak floors in a bedroom and living room.    

Another factor is what you are willing/able to manage.

Now I'm a leasing consultant and I feel if I can sell an apartment I definitely can sale a beautiful home.

The income the property generates is the key factor if a bank can qualify.

You forgot to mention that, the most important factor

It is a factor to protect your self by a lawsuit or a failure of your business.  

I would factor in other expenses as well such as water, landscaping, maintenance, vacancy, and capex.

Do you only care about the interest rate or are other factors like being able to bid online, how noticing is handled, are lawyers needed, the ease of foreclosing, the time before you can begin foreclosure etc etc all need to be asked.