1) Review reports but always trust your gut.

So, we obtain a full credit report and review collections, chargeoffs, age of credit accounts, active accounts, etc. to build an overall credit evaluation.FICO ScorePct of PopulationDefault Probability800 or more13.00%1.00%750-79927.00%1.00%700-74918.00%4.40%650-69915.00%8.90%600-64912.00%15.80%550-5998.00%22.50%500-5495.00%28.40%Less than 4992.00%41.00%Source: Fair Isaac CompanyWe also obtain data from national databases about evictions, convictions, and sex-offender histories.

You can review your HOA's governing documents, also known as the CC&Rs, to understand the proper procedures.

And an additional appraisal review ( like an AVM or BPO) 

For rentals, focus on cash flow and metrics like cap rate (target 8%-10%) or cash-on-cash return.

I know our numbers need to be reviewed but I was hoping to get more guidance on what others have done (or would do) in situations like this, minus the sex offender and neighbors of course.

Yelp is a good source because it lets you read reviews of actual customers.

After further review, I am not getting one on one coaching from the Real Estate Guru, it will be done by one of their staff members once or twice a week by phone maybe. 

Find out who has good Google Reviews (and responds to them), find out who answers their phone, find out who has a polished and professional website, etc. 

I suggest consulting with a real estate attorney to ensure proper structuring of the LLC/land trust and review the tax and insurance implications.