Instead, your focus is on places like BP where less-experienced folks come as they want to put their money earned with blood sweat and tears to good use. 

i.e. longer than normal vacancy, bad tenant screening, poor maintenance, skipped rent payments, etc.There could be a handful of reasons why it lost it's ability to cash flow.

Quote from @Levi Perl: The purpose of background screening is to determine a level of risk, and then you decide if you can mitigate that risk.How does a DUI conviction from three years ago impact the tenant's ability to pay rent or maintain the property?

If you already do this, than like me, it is a lot of screening properties (40-65 per month at about 3-4 offers from that) and patience.Watch the ARVs right now as a lot of us are in a declining market--do not rely on anyone else but yourself to really provide the ARV. 

I love cabins, and the RV park space, but like anything else, it's about NOI and there is a ton of blood, sweat, tears and busch light that goes into that number.

@Jacques CaspiTo succeed in real estate investing, I’ve found it’s crucial to budget for unexpected expenses, focus on thorough tenant screening, and build strong relationships with contractors.

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

After talking with one of the Norada guys, this is what I learned: Several years ago, most properties were renovated, delivered rent-ready, with a screened, qualified tenant in place by the time of closing.

I agree with Sid, I screen hard.

It markets our properties, screens our tenants, collects our rent, deposits it into our bank accounts, has full accounting and reporting features, has a tenant facing web portal & app where tenants can log in and report maintenance issues and see their account, etc, for $2/door/month - but they have a $45 minimum monthly fee... so up until you cross 22 doors it would be $45.