Any undone flip I look at where the agent tells me the owners just got tired of it and want a quick exit and look at all the work they did for you, I know it's always bad decisions and my offer is way lower than they will ever want.

I'm a bit tired of COVID excuses.

We had one application 1 month after putting it on the market which was for short term rental but other than that just lots of tire kickers. 6 weeks into it, we lowered the price a bit and in the last 2 weeks we got a lot more interest/ traffic, plus applications, but the applicants have all been highly unqualified- they don't meet income minimum (3x rent) and one even just came out of bankruptcy.

What would happen if they moved in together and the main income-earner lost his job, or moved to another city, or broke up with his girlfriend, or decided to leave because he was tired of paying the bill for his free-loading friends?

Most are just kicking tires and wasting my time.

Cash flow pays for your lunch, it buys you new tires, it pays for your gas.

It simply means not a lot of land lords are diligent enough to do it and/or don't care enough to do it and/or are to embarrassed to do it and/or aren't sick and tired enough yet of people who trash their rentals. 

If the prop is listed as an A- but a quick Google Earth shows tire-less cars in lawns and peeling paint, it’s time to walk away.Of course, market research is crucial, but nothing beats looking people in the eye.

@Julie Marquez We have gone full circle, started by doing our own management for years, hired a PM when we invested OS, then we moved to PNW where the properties are, bought more properties and self managed them and eventually grew tired of the PM.

If you are worried about finding a bad mentor or tire kickers you have 2 routes in my head.1.