All the easy (and not-so-easy) fruit has been picked. 

Another client is building a single family home on an "unbuildable" lot that he picked up cheaply. 

I'll be picking up those books.As for the "Why"?

I also would pick a more detailed rental agreement over a general one that may not protect you in certain legal situations.

If I had to pick one, I would choose the property type that is more in demand in your market for the next 5 years.

Drug users and alcoholics are not a protected class so discriminate all you want-they may however belong to a real protected class-veteran, gay, lesbian etc- don’t overlook that! 

Class A property is not cash flow unless you have an apt complex.

THE DEAL:MLS Listing3BR 2BA // 1950's SFH // 1350 sqftOriginally $134k; reduced to $119kDOM: 6 months +Blue Collar B-class neighborhood in Bossier City, LA3BR Market Rents $1000-$1150 // 4BR Market Rents $1200-$1350This property is in one of the best school districts in Bossier City and literally walking distance from the elementary.

With that out of the way please read on.This idea is designed to do 3 things:Increase revenueDecrease expenses(Mainly for A/B class properties) Make your building more appealingI would love to get some feedback from Investors/property managers before I start talking with investors in my area about it. 

The forums tend to be fairly practical, so you can pick up some real world info pretty quickly.