I feel like it would be great to trust a property management company on all of this, but it would be hard not to step in if you could do a better job at screening bad tenants (eg screening HUGE future problems).I initially managed properties myself, but now I delegate that responsibility to my business partner, personal assistant, or a property manager at my brokerage.Most PMs I know will send you an applicant for final approval and you can get on the phone with them and ask them questions

The PS will send it back to him unchanged and he'll have no choice but signing it this time.

If it is to manage property then hire more people, otherwise focus on what you're good at and hire a company.2) Hardin Realty & Property Management is a good choice because of our experience and specialty working with investors and maximizing ROI.

If they have not, many landlords will give bad references and it will backfire on the tenant.

PG's are worthless those that have PGs that are worth anything dont need gap funding they have the cash.this is a play for folks you know well .. not for internet facebook BP etc.. people that do this do it because they know you like you trust you and think your a good operator.Public has to many other choices that are much safer bet.. its not always about ROI with those with money..

With that said, a lot of people take the cost-benefit, but no one can argue it's a smart choice, just a frugal one.

@Ronald Rohde, sounds like you had a bad experience. 

Quote from @Jake Andronico: @Alan AsriantsReally not that bad (in my experience), and most people aren't willing to do it.

Better still, the recessed handle trim is visibly chipped (stands out as bad.) 

It's like Whack-A-Mole: don't think about bad things happening until they do, then panic and run to BiggerPockets forum for advice.