(VA lender) Total collected rent would be at about $67200.

Was it difficult collecting rent as a landlord, during 2-hour long gas lines? 

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

You will be paying 6-10% for just having them collect rent. 

The only purpose of the account would be to collect payments and pay bills like taxes and insurance on assets held by the LLC.

He collects cash down payment and finances the rest.

Keep looking for a tenant - also have they already paid you through the end of he lease or you still have to collect ?

Louis, Missouri-based property manager seeking investors and opportunities to property Tenant screening, lease negotiation, property maintenance, rent collection. 

What if they have collections or judgments?

If the prospects look financially shaky or sketchy, I ask for the name of a co-signer - and collect payment for a background check on them.Verbally, I also ask when they are interested in taking occupancy, and I tell them the application will be made part of the lease agreement - that I can evict them if they've lied in their application.