They will dress modestly with comfortable clothes, and some of them are real estate brokers. 

I have some auto-denials in the "review phase" based on landlord reference such as numerous late pays on rent, numerous documented lease violations, and move-out damages exceeded collected deposit... but still have yet to enter the "landlord reference/review phase" of my screening process due to the details on their CBR's as noted above. 

We recently bought a property that we have found out within the first few weeks of owning it that is has VERY SERIOUS drainage and humidity issues and lots of previous water damage that the sellers did not disclose.

You can find some with barely any damage and at a great savings. 

. $9kish depending on wood damage.5) Hard to say, windows and doors may be fixable by replacing trim and recaulking.

When you are making money it's gonna be good money, but your gonna hit be stretches of loss, Damage, Evictions etc...

I hope he doesn't try to damage anything if I give him a notice of eviction. 

I had to fix damages and clean extensively after she left.

Ultimately, late rent/no rent payments or damage to the property can be extremely costly. 

However (I'm an insurance agent not an attorney) the legal wrangling of the PM not taking a necessary action could set up a situation where the insurance carrier pays then subrogates back against the PM company for their inaction so the property manager should also have appropriate general liability coverage for their business.This next part can change by state and insurance carrier...Being named as lienholder or mortgagee can set up the lender being involved on the payout of any damages - say there is a fire the checks cut for damage could name the insured and lender so both parties have to agree how those funds will be used.Some carriers have a rule that if the loss amount is under a certain dollar amount the check is only cut in the owners name / if the loss exceeds a threshold (say $25k) the check is cut in both the owner and mortgagee names.Being named as loss payee is literally that - the check is cut in your name or both the insured and your name.