It may feel cumbersome, but their diligence reflects the level of security and service you can expect once onboarded.

There will always be posters who come out of the woodwork who claim to be able to beat terms or meet borrowing expectations.

@David YoungRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Watch Here: ;t=2s 

Simple Truths.But you can make a ton of money, if you do it correctly.Why doesn't McDonalds sell T-bone steaks?

(Not a lawyer so this is not legal advice) You've listed all the reasons why people fire property managers, it sounds like they've just done a poor job of meeting your expectations. 

Safer assets like a T-Bill allow you to borrow 96% of the value where blue chip stocks like Apple are at 70%.

So your capital gain when you sell this property will be calculate against your tax basis and not against your mortgage as many investors expect.

Expect 30-year fixed terms for the most part.

When your LLC takes a loan, expect as members to personally guarantee the debt.