This sort of decision always comes down to your investing goals, lifestyle goals, and the numbers.

The smell burned your eyes and throat as soon as you walked in...if you decide to do it, get a very healthy pet deposit/fee and do regular inspections.

While the level of competition seen is not as intense as it was at the peak of the market, it suggests we are moving to a more healthy and balanced market after the slow winter season.

Most importantly price/costs, location, condition, lifestyle. 

You said that ,not me .look we are all grown adults , If They can not meet their responsibilities in life why should i supplement their lifestyle ?

My thought is more to raise the rent to bring her up with the rest of the tenants, and if she moves out I won't be disappointed.The damage is probably already done based on her slovenly lifestyle.

I agree you need both a healthy P&L and Balance Sheet to borrow money.

Determine if this is a short term experience to allow you to save for a dream home and eventually rent them all out, or if it is a lifestyle.

Alaura,Been doing this around 20 years and have a nice little portfolio that I manage and provides a comfortable lifestyle.  

I am tempted to do so right away since zillow shows healthy traffic on my listing but no contacts.