Perhaps he wanted a particular property because he had insider information, but knowing Mike I assume he just tried in hopes of getting a large tax purchase and better odds of winning them.I know the County Treasurer was not impressed at him running in a score of barely sober/ not really sober guys from the park into her drawing room. 

I would personally have no issues doing this because I know I am going to get a strong ROI on any deal I participate in.

Labor force participation is high, generally white-collar work, with a mix of food service and part-time jobs (among the college students).

You will need to evaluate what sort of credit makes sense for you to proceed with the purchase.We purchased a Property with a $32K foundation issue and did the bare minimum repairs (a few thousand). 

We barely reserved payment in a property because 3 windows did not have screens...in the middle of winter.

It was listed at like 300k, with a similar type of analysis I think it came in barely cashflow positive.

They are college students, they can barely roll out of bed to do their school work. 

You have to shop for an agent the same way, do your DD ahead of time, read and understand the contracts you sign before you sign them.A 10 day close does not leave much room for error or time to digest any new or unknown info, barely enough time for tittle work.  

My qualification standard is 3 times the rent so that is 64,800 so tenant number 2 barely makes it income wise but would have less turnover. 

Therefore the rent barely covers the PITI by $200/month.