Originally Posted by NALEM

I agree with LazyCash on this, but I follow a strict strategy on dealing with renters.
I prescreen the renters and will wait it out till I find one that feels right. Second, I dont discount rent, but will give the 12th month free, if all the monthly payments have been made on time.

In the distant past, when I rented out the first condo I ever owned, I actually structured, the contract as a Roommate Agreement, which recognized me as a fellow roommate/occupant, giving me access to walk into the property whenever I wanted.

Key is finding a great management company.