We have amazing 1st floor tenants and I think we are comparing everyone to them which is sort of hurting our judgment on people.Tenant A:Young couple (mid 20's) with a child who is about 9 months oldMake over 3x rent requirement and have 600+ credit scorehave been living on their own with rent less than what mine isonly guy works, girlfriend does notThey want to move in for July 1st (because they want to give their current landlord 30 days notice, plus need to have time to get money to move in - first, last, security)No major red flags here, pretty basic coupleTenant B:18 year old fisherman and his 17 year old girlfriend/fianceHave been living on their own, paying $200 more a month for rent (looking to downsize)He makes anywhere from 2-5k each trip out, which would be more than enough to cover rent, she works at Taco bell, but really she doesn't even need to work in order for them to meet income requirementsvery enthusiastic about moving and will literally move in tomorrow if they could. 

I noticed $750 is the hot spot, but can rent for up to 850 (area is a hot market and new developments around this city).

It makes sense for a private owner/self manager.Lastly, if the resident does not take possession within 5 days of the start of the lease after indicating they will not be, we post and mail an abandoned property notice with a 48 hour response window, then start the deposit accounting process. 

The foreclosure process is different in each state.In general, the sale notice will be posted as a legal notice in newspapers and will probably be posted on the property itself unless it's been removed.

welcome as well janae, just noticed you are new too!  

We consider the BP community to be the most informed in the country, or at least that we have easy access to.We are finding that experienced investors, if they see the investment as risky, they wont invest, and the amount of investment required doesn't increase or decrease their interest.  

What I have noticed, however, is that most duplexes within a decent price range are completely rented out!  

They all noticed me that as well as my contractor and said he can remove it.So two questions:1) Do you think because there was a mold history to the property would be a deal breaker to the buyers?

Electric use is not going to decrease in the future so I see no reason to delay making the required improvements. 

So I would pay an agent 50%-100% of first months rent for finding a qualification tenant based on your specifications.Getting the money, sending pay or quit notices, that's your evening and weekend job.