So the solution for landlords operating in these areas is to have strong knowledge of the law, increase tenant screening/rent collection procedures, and to make sure the deal is worth all the additional hassle.

apologies I've moved from England not long ago and im super taken back with all the procedures and regulations etc.Thank you all so much! 

(To see if they really hard to get or if this is classic home warranty procedure.) you could ask warranty company what the sort will cost them and ask for them to pay that much to your service provider and cover the labor and come out of pocket for the rest.

---So, ask about their standard operating procedures and make sure your management contract has an easy termination clause.What are your options if you expereince one of the above?

Just be sure you follow the procedures and do not mention "non-payment". 

---So, ask about their standard operating procedures and make sure your management contract has an easy termination clause.What are your options if you expereince one of the above?

And start thinking about assembling a procedure manual - will you accept pets, how will you recognize a strong candidate, how will you establish the rent amount, that kind of stuff.

I am not quite familiar how the whole owner financing procedure works.

Once the price is driven down by the market a false sense of value pervades where the competitiveness creates a downturn of quality procedures.

As you have noticed, there are some differences in the policies and procedures between some of the self directed IRA custodians.