Areas with high wages have high demand for homes, high demand lowers supply, risk is seen as less, so prices go up.

100% agree with Nathan's criteria.If even after those criteria you have more than 1 qualified applicant, you have a few other options, as long as you apply the same requirements equally to everyone.I verify employment, and call previous landlords for references.If on the showing the tenant smells like smoke and you don't want smokers in your house, you could pass over somebody for that. 

I think that would be interesting to compare it to a CMA an agent would supply, I might take you up on that thank you.

Depends on the unit and the current tenant.....If the current tenant is reasonable, clean etc and the turnover is basically going to be few quick fixes and clean, then I'll market it early..If the place is a mess....tenant is a PITA...or I need some time to do some bigger work that will not be "appreciated" by new applicants...ie the unit will look way different and "better" with the new floor/paint/cabinets etc.... then I'm not showing it until that's done.... few tenants can see "beyond" what is in front of them NOW and as a tenant I would never commit to what it "may" be... unless the market s smoking hot and I'm desperate.....

The reason we focused on student housing was because there was a limited supply at the time we started in the business.

@Mike Buckley if this ends up in court, do you really want to be the one asked by a judge "why wouldn't you supply a copy of the contract"? 

Tenant (s) shall not smoke, nor permit anyone to smoke, inside the property at any time.

The latest thing, I wake up to a bevy of pictures of fire truck lining the street of the old block because they called the fire department on one of the neighbors that were smoking meats.

.-$20,000 down payment -Apply for a home improvement loan that will be added to your final mortgage once repairs are completed-Get quotes on work to be done from contractors (high end quotes) and supply them to your mortgage broker.

I knit, read, work out, smoke meats in my 2.5 smokers and enjoy watching moves.