With all tenants, you should do your due diligence screening them.

You'll get mom and pops that still think it's 4% or 5% regardless of deal size, but that's a lot more rare these days.

The homes are also priced well for the size, and it sounds like you like big homes that can stretch your money. 

I know there are a ton of features I don't utilize personally, I mostly use it just for tenant application and screening process, and then for rent and fee collection In my personal experience here's my pros and consPros•Had a template for screening questions on the application so I didn't have to think of things to ask myself•Handles rent collection easily and for only a $1 fee to my tenants for ACH transfer which makes it easy for both parties•I can set up all rent and fees at the beginning of a lease term so it's set it and forget it for me•My tenants have said setting up auto-pay was easy and I like to make it as easy as possible for them to pay me!

Chris,For the large multi family investments, I want to see the deal pack first so I can screen for location, project class, projected cash on cash and IRR, and proposed value add method. 

@Adolphus FletcherWhat size multifamily - above 4 units then I would go with LLC as that will be a commercial loan.

Its just like renting to anyone just SCREEN well Keep crushing it bro 

Market risk comes more from location of property in market, access, highest and best use for property, ability to revenant property, size of market, etc. 

Additionally, do people have recommendation on efficient ways to screen a tenant upon application? 

I really liked the smaller size.