I have tons of contacts for realtors, contractors, wholesalers, prop manage, tree, lawn, trash haul, cleaning, you name it. 

During the application process I ask if they have any ANIMALS, if they check no and bring in Bobby the pit bull,  Chihuahua now, toy poodle, whatever and try to pass it off is a ESA I will evict them not for the animal but for falsifying their application.  

Originally posted by @Stuart Smith:Some good points , but some of you didn’t read the question.....It’s also clear some of you have never been through a recession.....I can guarantee, from considerable experience , that when a downturn comes , your class B super neighborhood tenant, the flash guy with a Merc and a house full of toys and kids will be the first to lose his overpaid job, and the first to default on the $1500 rent.....whereas Mr Reliable in Detroit who works at Walmart and pays $450 a month will continue to do so.....But this is about $30k houses, local or out of state......about DOING this, going this route, not reasons why not too...

That said, I now have enough cash reserves to cover most major things, so I'm toying with the idea of ignoring the 25% altogether to grow quicker.

You can certainly slumlord it, but that tends to not work over the long haul and it's hard to build a portfolio around homes that never have any true value.My recommendation would be to purchase 2 homes at under $100k that will rent at $1,000/mo or more.

Yes, I use credit checks as a factor in deciding who to rent toYes, I've had success without themNot sure how you define poor credit, generally speaking (and not my exact guidelines) above 700 is fine, 650-700 depends on the factors, i.e. is it student loan/overall debt load or is it because of late payments in the recent past, below 650-600 will require additional rent payments upfront.  

I have been toying around with Process street but haven’t rolled it out to my team yet.Thanks for the inspiration to keep going.

Even at 3% annual increase, we're looking at around double digit ROI in the long haul.

I had my teenage boy crew haul away the old pipes so that was cheap to address but an inconvenience.   

They were both 10 point something percent over the long haul I believe.