Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

But the management team was okay with sending out repair men like it's free, and failing to collect rents on time and making excuses. 

You will likely never get any money from that tenant unless you have VERY good collections processes. 

In fact, even if the training course is related to property management, claiming that you needed to spend $30k on education while collecting merely $15k in rent per year is a flimsy position. 4.

However, if you want honest and professional opinions from hundreds of years of collective working knowledge,  than this is the place.

I don't want them collecting rent and then driving both checks to the credit union to pay. 

If they're going down this path, what they really should be measuring is collected rents.

You have to have a system set up for vetting guests, creating leases and collecting deposits and rents.

My policy is based on the goal of collecting enough to cover a typical amount of pet damage over a 1 year lease.

. • Assessment and collection of costs for this program from the leased units by the authority of the Community Covenants, Conditions, and Restrictions (CCRs), $150/year.