I have a vacancy in a single family (3/2) that is proving to be very popular. I held an open house this weekend and ended up with 10 completed apps. Rent is $650 and tenants pay all utilities. Pets are addl fees.
I have 2 families that seem to be the most viable:
1. Young newlyweds, no pets. Gross annual income ~$35k. Currently paying the same rent + utilities where they live.
2. Older gentleman and granddaughter, who is POA and moving in with him to keep an eye on him. She is 20 y.o. and works retail. Gross annual income totals ~$55k, most of which is his retirement income. Three small pets.
Obviously the higher income would be best, but I'm concerned about how long a 20 yr old would want to reside with Gramps. Also, she has an eviction from a few years ago when a roommate supposedly flaked out on her. Gramps also has 2 civil suits from 10+ years ago that he owed money to people for. Details are otherwise vague. Young couple has no evictions, etc.