I am seriously giving up real-estate

I am thinking of giving up real estate . I bought one property to rent
out and am now trying to rent out a second property. The problems I
have experienced over the past year is unable to find good quality
tenants. I am trying to rent to upper middle class professionals.

Almost 90% of people who see my property have some serious issues, such
as:

1) have children - i see kids as destructive , noisy, unpredictable and
a lawsuit time bomb when they get injured

2) have pets - too many people have stupid cats and dogs that are just
dirty and unpredictable. replacing a ruined carpet is a huge cost, not
to mention barking dogs can annoy neighbours.

3) foreigners - tend to be dirty and irresonsible as far as looking
after property .

4) roommates - there is no guarantee they are going to stay together.
More than likely they will be asking to break the lease and then I am
stuck renting the place out again.

5) smokers - one word, yuck!

6) bad credit people - people with bad credit and bankrupticies are not
the kind of risk I want to deal with

Plus I have found most condo boards are a pain to deal with as far as
approving renting. I can fully understand their concern if I picked any
of the above people to rent my place out.

I wouldn't mind renting to the above people if I could charge extra on
a case by case basis, but I have never hear of any landlord doing this.


Am I being too cautious? How do other landlords do it and make money
consistently over the years? It must be even harder to find good
tenants in the lower income brackets.