Having tenants that I can screen, get on a lease I want and at a rate I want are all good things.

Hopefully, I can use my own research and screening processes to shorten that cash cycle.

Yes, it cost me a brokers fee on the buy side, I list for $199 flat fee.  

Your expense ratio remains flat, and therefore doesn't really create much value in the deal.Compare your 2% rent and expense assumption to what most syndicators underwrite: 5% rent growth after an initial renovation bump; and 2-3% expense growth; and you get vastly different outcomes.As to whose assumptions more closely tie to reality is to be determined, but if you used assumptions more in line with what syndicators are using, I think you will find the return projections narrow dramatically, if not flip to SFRs.  

Now I see the magnifying search glass in the upper right part of the (desktop)screen, next to your profile bubble and Alerts.After you click Search, be sure to filter on 'Forum' topics.

Here's a detailed guide on how to screen applicants: Application Screening Guide

On this forum search screening,  deposits, utilities.

I would recommend that you screen your tenants and have them complete a background check with a company of your choosing and not just accepting Zillows in house background check that some of the tenants already have.

They don't have to share the screening results, but they should share the actual application filled out by the tenant. 

My wife and I use Avail to find, screen, and manage applicants.