And at the end of the day there is very little residual or referral business  .. 

Due to a reduction in supply (properties destroyed or rendered unlivable) and an increase in demand (from those displaced by having their properties destroyed or rendered unlivable), home prices and especially rents actually tend to go up immediately after natural disasters.

It's also a great idea if you don't want to get licensed to work with a company as a broker/ referral partner for both primary and investment properties.

It is rewarding when I receive repeat investors or referrals.

I leveraged the BP site to get referrals on tax services now that my portfolio is growing (4 properties).

I tend to want to tweak anything handed me to me anyway, so I plan on building from the ground up.Only you know what you're willing to do/give up. 

Also, when your lenders dive deeper into county records or operator standings, do you find they tend to uncover any common concerns, or is it more of a formality for peace of mind?

I'd like to know what I'm getting for my money.First, I tend to look for listings on a computer and focus on the map, not the search results alongside the map.

@Andre BrockRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

This creates long-term stability, as residents tend to stay longer.