Appraisals, Approvals, Applications (the APPS triplets), and more.  

@Garrett Pyros, what kind of software do you use for calculations?

If you provide a nice clean rental at a fair price you should get several good applicants.

I work as a software engineer full time.  

If I submit an application to the state to acquire the property can the sale be voided by the heirs if they choose to redeem the property?

The high expense ratio are caused by many things including higher than usual property management fee, deferred maintenance , high water bills due to leaks, inefficient monthly advertising cost, inefficient property management software, neglected yearly service contracts, higher than usual insurance cost etc.

@Dede Christensen does your lease have an application of funds clause that specifies that funds received from the tenant will be applied in chronological order to the oldest outstanding charges on their tenant ledger?  

I've done this with 3 properties now and I always get multiple qualified applicants, willing to pay slightly more to me (vs. another landlord) because of the service and quality product I deliver.  

I always have charged the following to customers, and they don't even question it most of the time: cleaning fees, all applicable taxes (in a state which is known for not having a sales tax mind you), pet fees, insurance policy and/or damage deposit (VRBO offers combinations of the two), and miscellaneous charges like firewood and bike rentals.4.

I've read numerous posts about list sources and software all claiming to offer great information, almost all responses to these posts say nothing is accurate or offers any real opportunities, does anything really help find these types of properties??