They usually spend one day going through the property checking everything for a couple of hours and move forward.

Do you screen all adults in the household or just the person paying the rent? 

These can be great for making initial connections and learning about specific markets.Since you're thinking long-term, consider spending some time in your target markets to build relationships with agents, property managers, and contractors.

Instead of being transparent about it, you had me spend a bunch of money on things I shouldn't have since there was no intent on closing the deal.

If I'm spending 500k... my profit should be higher? 

You should only have to change when your current software has a flaw or lacking feature causing you to spend too much work on a work-around.

Yes this method only works if #1 You make more money than you spend#2  You are willing to spend less than you make.#3  it works because people don't have discipline to pay their mortgage beyond the minimum.  

So you're willing to pay $30,000 for their furniture when you could spend $5,000 on your own?

The target customers are the unbanked and underbanked population, which is 30 million household in US.

@Colin Ford Spend a good amount of time building your team in Florida.