Quote from @Patricia Via: Why lower your standards or add risk by accepting tenants with quirky history?

When you engage with a new vendor, have it be a standard procedure that this worksheet or packet be filled out with documents provided before you will engage their services.

If the unit is vacant, we don’t charge a monthly fee.For situations like yours, where the house needed extermination and other prep work, we would typically only bill for the costs directly related to the work or services provided, not a standard monthly management fee.Your expectations aren’t unreasonable—getting the house rented ASAP is a valid priority!

However, there isn't a standard form like a NAR lease agreement; it just needs to provide some general information.

You all went CHEAP and have hopefully learned a lesson:)Area where I was vetting them the prices were standard 10% monthly rent with $75 min and 50% first month rent.  

Conventional is still the gold standard, but DSCRs are a close second for good deals. 

They handle his 150ish doors, and he has high standards.

@Warren BellHi with my recent purchase I used the standard CAR form and the people above nailed it with regards to "no assignments" language Line 26.  

We are not allowed to say if there is an industry standard as this could be viewed as collusion.

Also, have you made any significant alterations to the property or if it were put on the market today, would it be indistinguishable from a standard 4-bedoom house (are there any extra walls for the SRO, constructed locks/barriers etc.)If its a standard SFR and the leases are very short term - there is a path that you could refinance this with a DSCR as basically a Short Term Rental and then potentially change strategic course back to SRO if needed at a later date