So when and if they tried that stunt on us we just would keep the EM and resell.but in practice those guys always closed we smoked them out day one.

It is very strange for a PM company to hold rent for that long.The industry standard is for the PM company to pay you on the 10th after rents are received.I do see some PM companies paying on the 15th.Ideally, the PM company can pay by the 10th because most mortgage payments are due by the 15th of the month.You may want to consider giving another look for a PM Company.

My practice area is estate and trust based planning for individuals and businesses.

that sounds good in theory, shows great innovation on the part of the OP, but has a huge risk in practice.  

About my last email, I want to explain that I wrote it not just to say thanks but also to talk about some practical issues.

You’ll also need owner and lender's title insurance as well as the standard fire and liability coverage, which I assume you already buy.

Additionally, you might want to consider working closely with your local Public Housing Authority (PHA) to screen applicants more thoroughly or negotiate higher payment standards for better tenant placements.PS: Something that may help you: Baltimore recently passed the Tenant Opportunity to Purchase Act (TOPA), which aims to strengthen renters' rights and provide better engagement between landlords and tenants.

This can be complicated in practical use, and would be the reason I would suggest to reach out for a professionals help!

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

Setting standards just to deny people is BAD practice, BAD business, and ILLEGAL.