You should be familiar with Fair Housing, Landlord Tenant Laws, and how to effectively perform a lease-walk (i.e. showing).

It tells me you probably had a very effective ad with good pictures, and that the property is nicer than most the rentals you are competing with in that neighborhood.  

Lot's of development coming to the area of my new property, but it won't start effecting the demographics for at least 3-5 years. 

Rent Income:  $167,940 Less: Vacancy/Deductions:  $16,794 Effective Gross Income: $151,146Less: Expenses:  $81,727 Net Operating Income: $69,419Less: Debt service: $31,920Total cash flow:  $37,499

I look forward to fun and fruitful interaction with you all.Graham

I'm looking for the most effective strategy on determine renter costs owed upon move out :On top of that I would like advice on my current move out situation :Renter put his 30 day notice in Sep 1st so we started showings right away.

The actual age isn't as important as the effective age. 

He does not screen tenants & gets the low hanging fruit.

Does anyone have an efficient and effective system they use when previewing a property? 

They seem to think prices of properties will start to drop.So if you can rest (3 jobs at break neck speed can cost you health wise) plus you want to live to see the fruits of your labor and start looking around in 12 months you might be in better shape to make serious moves.Just a thought.Good luck in your investing!