Obviously do this carefully without having them burn the place down.Option 2 would be to sit down with them and to gauge their financial status and their level of merit as good tenants.

Use it badly you crash and burn.

I have gotten burned twice (badly) in Phoenix with PMs so do your due dilligence Chris.

It went down ok and looked nice, but in less that a year there are scratches and a burn spot where candle wax got on it(tile would have shown nothing and is easy to replace just one tile).

If a tenant starts a fire that burns down the neighbors house your not covered.

I can understand the seller not wanting to accept an offer with contingencies after they got burned once before. 

and now I am going to sell Pdx and I have already bought vegas for 1/4 of what PDX is worth so massive equity in PDX of which 500k will be tax free when I move.. these are all over occ has nothing to do with business.. and its just my personal journey others will be different of course.so your right if your only moving to more expensive homes your still burning all the cash.. but for those that may do the flight from CA you take 500k tax free with you  :)  Or builders as we were discussing.. they pocket the tax free then use minimum down to buy the next project..

Moved down here after burning out on foreclosures and crappy fees. there is no shortage of Growth opportunities here as long as people keep moving in, its just a matter of correctly forecasting where they are going. thankfully, you don't have to be the first, you just don't want to be the last.

I turn on all of the lights prior to showing and burn a fragrant candle.

I also learned about some of the risks that aren't often talked about. 1 of the 3 burned down and I walked away from my lien on that one.