Logically, if you fall into any of these fields, get a property manager:Located far from your rentalAren't familiar with the laws in your stateDon't have a way to properly fill work ordersI prefer going with PM's because they alleviate the stress of dealing with the property itself, so that I have more time to focus on other things (like getting more properties!)

Not quite as good, but it alleviates most of the pain.

Was a drug addict but allegedly clean for 5 years.

It's nice that it's a block from the new stadium but that area is still high crime and lots of drug use around it.

There’s either drug dealing, prostitution or a combo of both going on.

I maybe would do this to alleviate some of the financial burden put on the tenant in the application process.

I live in a very rural area in the northeast and most of the markets within an hour of me are primarily class C and D neighborhoods with reputations for drug and crime problems (as well as my own hometown unfortunately) so I will probably look to long-distance investing as I get started.

Does refinancing can alleviate  your landlording headaches? 

.- lower turnover- easier on the units when they do move- quiet and less disturbance than traditional, younger- for fixed income, consider partnering with the local housing authority for SEct 8 vouchers, then raise rents accordingly - guaranteed money & the Sr. only pays a portion (if they qualify)Traditional renters- Higher turnover- Higher turn costs- More volatile - higher bad debt- More drug related activities- Adding in children that are hard on units- Higher eviction rates and legal costsConsider all angles before making a decision with the changes. 

It's a crappy situation, but by offering them a solution - even if it is on them - it somewhat alleviates the need to fell like you have to act and you have made an attempt to solve.