Are there any cities you visit frequently or have family or friends who could check up on the property?

How frequently were they late?

Or even more small fry like BP real estate investor that focus on $100/mo cash flow in Akron like that one lady.I frequently have these conversation, more often than Option 1 investors which I agree, tends to be new money or small investors.

@Michael Plaks I've posted on this subject frequently on BP.

I think you will see this much more frequently going forward.

The lender will see it and frequently require the buyer clear it before approving the loan.

We frequently hear investors chasing properties that meet the "1% rule" which in my opinion is a  flawed underwriting practice (have posted on that very subject a few times in these forums), but in order to achieve a 14% cap rate your Gross Operating Income must nearly meet 2% of the assets cost assuming your operating expense ratio is at 35% (which is very lean on operating expenses).

Once I have enough input from BP community and others, I'll post my FEP/S (Frequently Encountered Problems & Solutions) list in this thread. 

Another point that I forgot to note, this will be a sales director position covering the midland area and surrounding regions, so I will be frequently traveling to midland for customer meetings and team meetings (2 times per month typically)! 

Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.