In Michigan the winters are pretty cold and the idea of lower heating bills is very appealing to our prospective tenants.Next, how do you select your tenants...do you go through an appropriate screening process?

They were selective with the people they brought in.

Here is one of many articles, concerning that development:http://businessjournaldaily.com/economic-development/breaking-news-shell-chemical-selects-beaver-county-pa-cracker-plant-2012-3-15Raymond

The tenant did invite me over to previous residence to select furniture for our home, and property was messy-- did not appear damaged.

As long as you're walking into this with eyes wide open and trying to figure out ways to mitigate the risks you should be fine. 

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I liked that they are local to me as well.I viewed the selection process much as I did my accountant.

I work hard to completely understand the real estate market within my farm area that can vary widely within 5 blocks... and this guy has a blanket opinion on an entire country.

The answer is fact specific, so be careful when selecting an attorney that is not merely setting up the LLC but knows how to do the transfers and holdings correctly.

With all the increasing interest in the homes, the local government has the luxury of being selective.