JohnT Your correct in that you can be sued. That is why you have to have a approval process. If you apply income and credit scores evenly to everyone that applies your pretty well set against any suit. I play by the numbers. Income and then credit score after checked references. I had a white couple madder than heck at me a few years ago when I rented the one house to a bi-racial couple. The bi-racial couple had a much better credit score and income level. I do not see color in these cases. I can and do see financial worthiness.
A better idea than renting if your in a lower income area is buying and selling the cheaper houses. The repairs needed are similar to what you do when fixing a trashed rental house. Then sell it and buy another. Even then I am not sure you can make money in a local depressed housing market.
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Today's Featured Article - Restoration Story: 1929 McCormick-Deering 10-20 - by Randal Simmon. On July 4th 1998 my dad and I was sitting on the front porch when he said that he was going to sell his two 10-20's to a junk man. He said that the junk man was going to give him $500 for both of them but he hadn't received the money for them yet. So I went into the house and wrote him a check for $500 and bought them myself and said now they are mine. He had bought them about five years before thinking that he was going to restore them himself. After five years sitting in the barn, he changed h
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