Do you charge for small dents in drywall....I would think so.

Hey BP fam,
I see a lot of new investors rush to fill a unit just to stop the "bleeding" of a vacancy. Big mistake. A vacancy costs you a month of rent; a bad tenant costs you thousands in legal fees and damages.
Yo...

They'll also typically be cheaper than a "general" attorney that will in all likelihood charge you a lot more for their time to look up landlord-tenant laws to assist you. 

There's cheaper builds but people don't do them much because the margins get thinner in neighborhoods like that.

I think your examples make that point really clearly, and I agree that newer investors almost always underestimate both—especially in cheaper markets.Where I’m coming from is strictly first-pass underwriting on a deal I haven’t inspected yet.

It adds a little friction, but it’s been cheaper than dealing with an eviction.For those of you with more units or operating in multiple states, how are you handling screening and verification?

Quote from @Stuart Udis: I observe a lot of discussion here about investing in distant markets because the real estate is cheaper and appears to produce stronger cash flow.

(they're more flexible and cheaper) Be careful though, with FHA you have an additional Private mortgage insurance payment.  

Often a small discount is cheaper than replacing a good tenant.

I have never heard this discussed on the BP podcast.I also reached out to their team to learn more and they are charging approximately $5,000 initially and $400 a month after that to be a part of their mastermind program.