If you are concerned about a cracked cooktop, you can always require a security deposit. 

He has an interesting strategy for finding long term tenants, which is to charge an unusually large security deposit, but have the monthly rent lower than the average for the area.

Make sure you truly understand the rules & codes.

Hi everyone, We accepted an application with higher security deposit because of their credit score.

I am not comfortable offering a price based off of what potential rent is, knowing what rent is current.The big problem I have is that the three lowest rents are social security assisted living that have been there for 5+ years.

To find cash buyers:Ask title company for a list of properties sold without a mortgage lien and contact to find if they are investorsAttend investor group meetings in my areaContact "for rent" ads on craigslistAsk everyone if they know someone investing in real estateTo find motivated sellers:Search county and city code violations and condemned properties.

I am currently looking to secure my first home for a fix and flip.

As part of the application, she provided documentation of the monthly social security awards for each of the three prospective tenants.  

Determine the billable items for the final accounting on the return (or retention of their security deposit.)

Don't waste so much time upfront until you have secured the option to purchase the property.